Changes in US stocks | Cloud computing service providers collectively surged more than 22% after boosting CoreWeave (CRWV.US) performance, NEBIUS (NBIS.US) rose more than 16%

The Zhitong Finance App learned that on Wednesday, cloud computing service providers collectively surged higher, with CoreWeave (CRWV.US) surging more than 22%, NEBIUS (NBIS.US) rising more than 16%, IREN (IREN.US) rising more than 7%, and Hut 8 (HUT.US) and Riot Platforms (RIOT.US) rising more than 4% after the results.

According to the news, CoreWeave's earnings report released after the market on Tuesday injected a dose of strength into the recent AI investment boom that has been questioned. After the market on August 11, the AI computing power provider known as “neocloud (neocloud)” announced its results for the second quarter of 2026 up to June 30. Both revenue and profit exceeded Wall Street expectations, and the backlog of orders exceeded 100 billion US dollars.

Additionally, Nebius's cloud business sales soared 514% year over year in the second quarter, driven by strong demand for artificial intelligence computing power. Financial reports show that the AI cloud business, which accounts for the vast majority of its business, reached $575 million in revenue for the quarter. Total revenue for the quarter surpassed $582 million, up 454% year over year. This figure was higher than analysts' expectations of $557 million; loss per share was $0.68, exceeding expectations of $0.18.