AI Infrastructure — Neoclouds

2 calls tracked · 2 active

Total Calls

Active

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Accuracy

Direction Mix

Watc 50%Bear 50%

All Calls

WATCH$NBISActive

Watching: the neocloud whose customers prepay its build, spending $20–25B on about $3B of revenue.

Q2 2026 revenue $582M (+454%), adjusted EBITDA ~40%.

Customers had prepaid $6.0B; cash $8.0B against $8.5B of debt.

ai-infrastructuredatacentersneocloud

SHORT$CRWVActive

The biggest neocloud is growing fast, but its cash covers a tenth of what it spends. Bearish on the financing, not the demand.

Q2 2026: revenue $2.58B (+112%), backlog $103.7B.

Operating cash $0.68B against $6.4B of capex: the business funded about a tenth of its build.

ai-infrastructuredatacentersneocloud