CoreWeave’s $132.5 billion backlog raises pressure on Nebius ahead of Q3 results

Nebius Group, the parent company behind NBIS stock, is preparing to release its Q3 earnings in an environment sharply altered by recent results from CoreWeave. The latest CoreWeave financial update has reinforced robust demand in the artificial intelligence (AI) infrastructure market, prompting investors to reassess Nebius’ growth prospects and capability to capitalize on sector momentum. CoreWeave, a key player in AI cloud infrastructure, reported standout earnings this week. The company delivered a 168% year-over-year increase in revenue, signaling that adoption of AI workloads and reliance on advanced computing resources remain very strong among enterprise clients, AI-native startups, and model developers. Additionally, CoreWeave’s management revealed that its sales backlog had expanded to $132.5 billion, enhancing long-term visibility and investor confidence in the AI infrastructure cycle.

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