Best GPU Neoclouds 2026: CoreWeave, Nebius, Lambda, Crusoe, and Groq Ranked by Published Pricing and Contracted Power
CoreWeave (CRWV) and Nebius (NBIS) reported Q2 2026 revenue growth of 112% and 454% YoY, respectively. CoreWeave reported $2.575B revenue and a $104B backlog, while Nebius reported $582.3M revenue. Lambda, Crusoe, and Groq are private. CoreWeave leads in premium pricing and contracted power, while Nebius offers the lowest B300 on-demand rates. Lambda has the cheapest B200 on-demand rate. Crusoe is the only provider with AMD MI300X/MI355X. Groq plans to add NVIDIA GPU capacity to its inference cl
How this was made
The 30-second read
Why it matters
CoreWeave and Nebius delivered surprise earnings and guidance, likely prompting short‑term buying pressure, while private peers signal future competition.
Market read
First‑report earnings and guidance for two listed AI‑cloud firms provide fresh trading signals in a high‑growth sector.
What to watch
Potential supply constraints for NVIDIA GPUs and rising interest expenses could limit profitability.
Background
The article compares five GPU‑cloud providers, focusing on pricing, power capacity, and recent financial results.
Ticker impact
CoreWeave reported Q2 2026 revenue of $2.575 B, a 112% YoY increase, and gave full‑year guidance of $12.4‑13.2 B revenue.
Potential short‑term price rally on earnings beat.
Revenue and backlog growth far exceed expectations; guidance raises outlook.
Nebius Group posted Q2 2026 revenue of $582.3 M, up 454% YoY, and announced a 5 GW contracted‑power target for year‑end.
Likely short‑term price appreciation on earnings surprise.
Revenue surge and strong EBITDA margin signal rapid market share gains.
Market effects
Highlights accelerating demand for GPU cloud services, benefiting the broader AI infrastructure sector.
U.S. AI‑cloud providers may see increased investor interest, while European peers could face competitive pressure.
Reinforces the global shift toward AI compute capacity, supporting related hardware and semiconductor stocks.
Counterpoint
Rapid growth may be unsustainable; high capex and net losses could pressure margins if demand softens.
Key entities
- CompanyCoreWeave
Public GPU cloud provider (NASDAQ: CRWV).
- CompanyNebius Group
Public GPU cloud provider (NASDAQ: NBIS).
