CRWV, NBIS, IREN Stocks Jump: Blowout ‘Mag7’ Cloud Results Lift Neocloud Names

• Neoclouds are a newer breed of cloud providers that complement hyperscalers by extending capacity.
• AWS, Microsoft Azure and Google Cloud reported expectation-beating growth, signaling robust demand.
• NBIS has emerged as a retail favorite, with an investment from Nvidia and a 67% year-to-date stock gain.

Blowout results from hyperscalers Amazon.com, Microsoft, and Alphabet lifted shares of neoclouds and cloud-linked companies in extended trading on Wednesday.

CoreWeave shares gained 2.6%, and Nebius Group shares gained 1.8%. Shares of IREN Ltd, Applied Digital, and Core Scientific – firms that have transitioned from cryptocurrency mining to providing high-performance infrastructure and AI cloud computing platforms – gained between 1.4% to 2.2%.

Strong Cloud Results 

Reporting simultaneously on Wednesday, the world’s three largest cloud companies all posted quarterly sales above analysts’ expectations, pointing to resilient demand for cloud services and reinforcing the case for their record-high spending plans.

Sales at Amazon Web Services, the market leader, rose 26% in the last quarter. Microsoft’s Azure revenue grew 40%, and Google Cloud sales increased 63%. Following the results, GOOGL stock rose the most, with over 7% gains in after-hours trading.

Momentum in the cloud industry has brought focus onto neoclouds, a newer breed of cloud providers that complement hyperscalers by extending capacity and speed and compete with them in high-demand niches like GPU computing.

Nebius and IREN in particular have generated strong interest among retail investors over the past few months. Nvidia invested in Nebius earlier this year and the company later raised $4 billion to fund its data center expansion.

NBIS shares gained over 200% last year and 67% year-to-date.

Similarly, IREN launched a $6 billion "at-the-market" (ATM) equity offering program in March to fund AI data center expansions and GPU purchases. 

Retail View On Neocloud Stocks

On Stocktwits, the retail sentiment ‘bullish’ from ‘neutral’ for CRWV, and to ‘neutral’ from ‘bearish’ for NBIS. The sentiment remained ‘bullish’ for IREN and ‘neutral’ for CORZ. The sentiment for APLD dropped to ‘neutral’ from ‘bullish.’

“The "Big Four" are now projected to spend between $630 billion and $700 billion collectively in 2026, a surge of over 60% compared to 2025,” a trader wrote, a trader wrote, underscoring the extraordinary demand for cloud infrastructure and signaling strong tailwinds for neocloud players like CoreWeave.

“$NBIS mag 7 earnings were both the cause of the pullback (pre-earnings profit taking) and the recovery (great earnings).  I'm not even thinking of selling before 300,” another trader said on the Nebius stream.

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