Shay Boloor(@StockSavvyShay):$NBIS trades at 8.1x committed ARR versus 5.1x for $IREN and 2.5x for $CRWV even though CoreWeave has ~$35B committed compared with Nebius at ~$10B and IREN at ~$4B. Essentially the difference is Nebius has only ~250 MW active against 3.5 GW contracted with ~75% of that future capacity on owned sites meaning most of its potential growth is still ahead. Nebius also generates~$13M in revenue per MW versus ~$11M for CoreWeave as inference software expands helping explain the premium alongside CoreWeave’s heavier debt.

Shay Boloor

@StockSavvyShay

Chief Market Strategist @FuturumEquities | Regular on @Reuters, @YahooFinance, @Bloomberg, @FoxBusiness, @SchwabNetwork & @Forbes | NIA

参加 February 2019

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Shay Boloor@StockSavvyShay

2026.10.13 22:04

$NBIS trades at 8.1x committed ARR versus 5.1x for $IREN and 2.5x for $CRWV even though CoreWeave has ~$35B committed compared with Nebius at ~$10B and IREN at ~$4B. Essentially the difference is Nebius has only ~250 MW active against 3.5 GW contracted with ~75% of that future capacity on owned sites meaning most of its potential growth is still ahead. Nebius also generates~$13M in revenue per MW versus ~$11M for CoreWeave as inference software expands helping explain the premium alongside CoreWeave’s heavier debt.