You should be buying as much CoreWeave and Nebius as you possibly can right now (Save this).
Milk Road AI Twitter · Milk Road AI (@MilkRoadAI) · 2026-07-02
Milk Road AI recommends buying CoreWeave and Nebius stock, arguing their contracted revenue backlogs, explosive revenue growth, and Meta's contractual inability to resell leased neocloud capacity create durable structural investment advantages.
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Topics: neocloud-investmentai-infrastructurecompute-marketgpu-cloud
Claims
- CoreWeave's contracted backlog exceeds $131 billion against a market cap of roughly $45 billion, with the backlog alone more than twice the company's entire market value.
- CoreWeave has pre-sold approximately 90% of its 2027 annual revenue target of $30 billion, with Q1 2026 revenue up 112% year-over-year.
- Nebius Q1 2026 revenue reached $399 million, up 684% year-over-year, and the company turned EBITDA positive at $129.5 million in a single quarter.
- Meta is contractually barred from reselling third-party leased compute from neoclouds like Nebius and CoreWeave, giving those companies a structural advantage in deploying advanced inference hardware for their own enterprise customers.
Key quotes
CoreWeave's contracted backlog has grown past $131 billion according to Cantor Fitzgerald against a current market cap of roughly $45 billion and the backlog alone is more than twice the company's entire market value.
That $12 billion Vera Rubin order from Meta? Meta isn't allowed to resell that capacity externally meaning Nebius gets to deploy the world's most advanced inference hardware for its own enterprise customers while Meta's public-facing cloud runs on older chips.
That is a structural advantage that compounds over time.