CoreWeave (CRWV) and Nebius Group (NBIS) are rising players in the AI infrastructure battle, a market powered by soaring demand for computing power and massive cloud deals. Investors are now watching closely to see who can scale fastest and lead the next wave of AI compute growth. This comparison breaks down recent deals and what Wall Street thinks about both stocks, giving investors a clearer picture before they make a move.
TipRanks Cyber Monday Sale
- Claim 60% off TipRanks Premium for data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
For context, both CoreWeave and Nebius are AI infrastructure companies supporting cloud-based AI workloads. CoreWeave focuses on AI training, visual effects, and batch processing. Meanwhile, Nebius offers a full-stack AI infrastructure, including hardware (GPUs), software, and cloud services, making it a broader platform.
Is CoreWeave a Strong Buy?
CRWV stock has jumped over 80% since its March 2025 IPO, fueled by strong demand for AI infrastructure and key partnerships. CoreWeave quickly became a top tech stock, but it has dropped 45% in the past month due to worries about an AI bubble, high debt, and valuation concerns.
CoreWeave competes with big cloud providers like Amazon (AMZN) and Microsoft (MSFT) but has found its niche. It’s mainly because demand for cloud services is so high that there’s room for multiple providers. Additionally, CoreWeave focuses on AI workloads, offering services tailored for AI. By renting GPUs instead of buying them, customers get more flexibility and often save money, attracting more customers for the company.
Nvidia’s Connection
Adding to the bullish outlook, Nvidia (NVDA) plays a central role in CoreWeave’s growth story. The AI chipmaker owns about 7% of CoreWeave. This connection has helped drive strong results. Notably, CoreWeave reported Q3 revenue of $1.4 billion, up 134% from a year ago, while its revenue backlog soared to $55.6 billion, nearly doubling in just one quarter.
In September, CoreWeave signed a new order agreement with Nvidia, initially valued at $6.3 billion. The deal allows Nvidia to purchase any unsold cloud computing capacity from CoreWeave through April 13, 2032, securing long-term collaboration between the two companies.
Is NBIS a Good Stock to Buy?
NBIS stock has surged by more than 240% in 2025. Much like the rise of other fast-moving AI stocks, Nebius’ growth shows just how big the demand for AI computing power has become. As data-center spending climbs and tools like ChatGPT grow in everyday use, Nebius has positioned itself as a strong player in a market hungry for GPUs, servers, and cloud capacity.
The company is growing at a rapid pace, delivering some of the strongest gains in AI infrastructure. In Q3 2025, Nebius’ revenue surged 355% to $146.1 million, while its core cloud business grew 400% from the year before. Nebius also secured a $3 billion capacity agreement with Meta (META) and a massive $17.4–$19.4 billion order with Microsoft, showing strong demand for its AI computing power.
Nebius Has Major Growth Ahead
A major advantage for Nebius is its ability to move fast. As a smaller company, it can adapt more quickly to new technology and shifting customer expectations than traditional cloud giants. Nebius is also investing heavily in building and improving its AI capabilities.
Looking ahead, Nebius has set a goal to reach a $7–$9 billion annual revenue run rate by the end of 2026. The company is on track to hit its 2025 target of around $900 million to $1.1 billion, building a strong base for even bigger growth in 2026. Industry demand from AI builders and backing from partners like Meta and Microsoft support its momentum as investors look for the next AI infrastructure winner.
CRWV or NBIS: Which Stock Offers Higher Upside, According to Analysts?
Using TipRanks’ Stock Comparison Tool, we compared NBIS and CRWV to see which AI stock analysts favor. Both Nebius and CoreWeave currently carry bullish analyst outlooks, with NBIS holding a Strong Buy rating, while CRWV sits at a Moderate Buy.
Based on the average stock price target, CoreWeave shares imply a potential 103% upside, with analysts targeting around $148.32. Meanwhile, Nebius offers a comparatively smaller but still notable 70%+ upside, supported by an average price target of about $164.20.
Ending Thoughts
Both stocks, CoreWeave and Nebius Group, pulled back in November as AI-sector excitement cooled and investors grew cautious about a possible AI bubble.
For long-term investors seeking clearer growth visibility, Nebius stands out with its major partnerships and strong institutional support. Meanwhile, CoreWeave remains a higher-risk bet tied tightly to Nvidia, offering bigger upside potential if AI demand stays strong and execution delivers.