Nebius and CoreWeave expect monster growth in 2026.
Finding stocks that can double within a year is not easy. These stocks are often among the most popular on the market and can rise quickly at any time. That is the case for both KernWeef (CRV 8.12%) And Nebius group (NBIS 9.12%)as shares are up 25% and 17% respectively so far in 2026.
While some investors may throw in the towel and say they missed these two, I don’t think that’s necessary. I think both stocks have a lot more headroom, and that could be the case double before 2026 is over. Both companies operate in a similar space in AI, and 2026 could mean several years of incredible growth for both companies.
Image source: Getty Images.
The development of the AI infrastructure is gaining momentum
CoreWeave and Nebius build and operate data centers used primarily for AI purposes. As they tailor their platforms to AI, they are buying the most advanced chips to put in them, which is not a cheap proposition. The idea is to rent these chips to customers at a higher price than it costs to run the business, and ultimately replace a burned-out or outdated chip. If these two companies can do that, they will be long-term success stories. Both companies are following in the footsteps of cloud computing companies that have already proven this business model, so CoreWeave and Nebius aren’t doing anything too innovative; they just adapt it to the current environment.
Today’s change
(-9.12%)$-9.81
Current price
$97.80
Key data points
Market capitalization
$25 billion
Day range
$97.03 -$108.30 am
Range of 52 weeks
$6:31 p.m -$141.10
Volume
714K
Avg. full
14M
Gross margin
-765.63%
The demand for each of their services is off the charts. In 2025, Nebius ended the year with an annual run rate of $1.25 billion. By 2026, they expect this figure to grow to $7 billion to $9 billion. This growth is possible from the nine sites expected to come online throughout the year, compared to the seven that were active at the end of 2025 and the two that were active at the end of 2024.
CoreWeave is growing at a similarly fast pace. During the third quarter of 2025, revenue increased 134% from a year ago to $1.37 billion. But that’s just the beginning. CoreWeave currently has a revenue backlog of $55.6 billion. About 40% of this is expected to be realized in the next 24 months, driving tremendous growth for CoreWeave. This also indicates the high demand for AI computing capacity and that the hyperscalers are willing to pay whatever it takes to access it.
Today’s change
(-8.12%)$-7.89
Current price
$89.25
Key data points
Market capitalization
$47 billion
Day range
$84.50 -$93.67
Range of 52 weeks
$33.52 -$187.00
Volume
46M
Avg. full
28M
Gross margin
49.23%
Both Nebius and CoreWeave will double growth this year. But there are a few kinks in their investment thesis.
Where are the profits?
Both Nebius and CoreWeave are unprofitable and burn a lot of money. This should come as no surprise, as every company wants to gain market share in a huge and growing industry. Ultimately, there will be enough AI computing power and it will not be easy to gain market share. By then, both CoreWeave and Nebius will have expanded their footprints, and their costs will decrease from having to construct a building, connect utilities, and complete other infrastructure projects to upgrading and replacing old computer units. That will make for a hugely profitable business, but that’s not where these two are right now.
NBIS profit margin data (quarterly) according to YCharts
CoreWeave isn’t far from breakeven, and if it crosses the profitability threshold in 2026, there’s a good chance the stock could rise quickly. Because Nebius is expanding so quickly to meet demand, investors shouldn’t put too much weight on profit margin at this point. If Nebius can show continued progress toward profitability in 2026, that will be all the market needs to remain optimistic about it.
I think every one of these companies will see it strong demand for cloud computing in 2026 will drive their shares higher. I think they could even double this year, but even if they don’t, they can still crush the market from here.
