Stay ahead of the market with the latest news and analysis and maximize your portfolio’s potential
CoreWeave’s shares sold off in Thursday’s after-hour trading but extended losses as more investors digested the New Jersey-based AI cloud company’s earnings report. The other two rival companies released their latest earnings earlier in the month and, like CoreWeave, reported worse-than-expected losses.
The three firms are some of the top neocloud companies that supplement Big Tech’s massive need for AI infrastructure by contracting out their data center capacity to hyperscalers.
In the final three months of 2025, CoreWeave saw its loss per share reach 89 cents per share, worse than Wall Street’s 50 cents per share. This came despite a 110% jump in the company’s revenue, with the figure reaching $1.57 billion.
In addition, while CoreWeave’s revenue backlog jumped over fourfold to $66.8 billion, the company guided for a below-Wall-Street revenue forecast for its first quarter. This is even as the American company is reportedly eyeing an $8.5 billion bank loan backed by its deal with Meta (META) to fund its buildout.
Similar concerns have arisen for Nebius and Iren.
Nebius saw its net loss widen to $173 million year-over-year as operating costs soared to $462.2 million, up 169% from the year-ago quarter. In the same vein, Iren returned to loss territory during the final three months of its fiscal 2026, hitting a loss of 52 cents per share.
Nonetheless, the significant quarterly revenue growth across all three companies — especially Nebius’s massive 547% year-over-year jump — show that demand for AI infrastructure remains solid.
The TipRanks Stock Comparison tool shows only Nebius carries a Strong Buy rating from analysts, as the image below shows. However, at the average price target of $79.78, Iren offers the biggest upside of over 80% and boasts a 9/10 in smart score.
CoreWeave is the least favored as its $113.13 average price target only indicates about 21% upside, even as CRWV is rated a Moderate Buy with a very low smart score of 3/10.
