NeutralCRWVCoreWeave, Inc.CoreWeave, Inc.IRENIREN LIMITEDIREN LIMITEDNBISNebius Group N.V.Nebius Group N.V.

4d ago on

$CRWV is gradually losing an institutional investor—Barclays Plc. While they are buying $NBIS and $IREN, their position in CRWV has been reduced by 60%. According to the report, the position consists of 1.785M shares worth $155.59M. The previous 13F filing indicated that Barclays held 4.466M shares of CRWV. In addition, 2.208M call options and 2.389M put options were purchased. Bookmark this page and subscribe so you don't miss our "smart money" analysis of other Neocloud players.

CRWVCoreWeave, Inc.BearishCoreWeave, Inc.NBISNebius Group N.V.BullishNebius Group N.V.AMDNeutralAMZNAmazonNeutralAmazonCIFRCipher DigitalBearishCipher DigitalCORZCore ScientificBearishCore ScientificHUTHut 8BearishHut 8IRENIREN LIMITEDBearishIREN LIMITEDRIOTRiot PlatformsBearishRiot Platforms

1w ago on

How will Hinohosa’s victory in Texas affect $NBIS? Positively. But the situation will be different for those providers that have been building infrastructure there. $IREN may end up being the hardest hit. The company has two facilities in Texas: • Childress: A large campus with a capacity of up to 750 MW, connected to the ERCOT grid. • Sweetwater: The Sweetwater 1 site and planned expansions such as Sweetwater 2. For example, $CRWV has signed contracts to use capacity at the Helios campus. And $CIFR is building its Black Pearl facility near the city of Wink for AWS under a 15-year lease. $RIOT has also signed a data center lease agreement with AMD at its Rockdale site, with the option to expand to 200 MW. $HUT has commercialized 704 MW of IT capacity at its Beacon Point campus, and $CORZ is retrofitting its site in Denton. The AI computing shortage will intensify, meaning that NBIS, which are building infrastructure in other regions, will benefit from this. We may see new projects put on hold, which will leave many providers and Neocloud unable to scale their capacity. The current fleet of AI clusters and contracted electricity capacity is too small to meet the needs of hyperscalers. Moreover, the financing currently being raised for data center construction in Texas, with interest rates ranging from 7% to 15%, is intended for future scaling. This means that project delays will likely lead to a decrease in ROI and solvency in future periods. As a result, Texas could transform from an AI hub into "scorched earth," causing companies that have built their AI infrastructure there to suffer losses.

CRWVCoreWeave, Inc.NeutralCoreWeave, Inc.IRENIREN LIMITEDBullishIREN LIMITEDNBISNebius Group N.V.BullishNebius Group N.V.APLDApplied DigitalBearishApplied Digital

1w ago on

$NBIS fell another 8.3% today, while $IREN dropped 8.1%. The reason for this is an interview with the CEO of $APLD. Today’s APLD case is a classic crisis of the cost of capital, which Musk warned about recently, predicting the "extinction of Neocloud." The company needs to finance another 800 MW out of 1.4 GW, even though interest expenses ($77.4M) already exceed the base rent ($65.8M). The cost of capital itself now stands at 12.8%, and the EPS forecast for 2028 has plummeted from +$0.13 to -$0.78. However, I view the simultaneous sell-off of NBIS and IREN as a case of market inefficiency. APLD is a heavily leveraged IT landlord that is 30% dependent on the faltering CoreWeave. In contrast, Nebius directly sells computing power on its own GPUs with a safety margin, while IREN is vertically integrated from land and electricity all the way down to chips. In the AI infrastructure race, it won’t be a paper pipeline that wins, but cheap liquidity and a cleaner balance sheet.