CoreWeave, IREN Limited, and Nebius Power the Next Tech Revolution with AI Infrastructure

Three AI infrastructure stocks - CoreWeave (CRWV), IREN Limited (IREN), and Nebius (NBIS) - are emerging as key enablers of the AI revolution. CoreWeave operates a GPU-centric cloud for GenAI workloads, while IREN focuses on green-powered AI and compute with data centers powered by renewable energy. Nebius is a Netherlands-based technology company providing a cloud platform for AI applications. The stocks have seen significant growth, with CoreWeave surging to $187 in June and IREN up 67% in 2025. Analyst coverage has increased, with a consensus Hold rating and price target of $90 for CoreWeave.

As artificial intelligence (AI) applications scale rapidly and become the norm, the infrastructure supporting this technology is evolving. Three companies—CoreWeave, IREN Limited, and Nebius—are emerging as key enablers of the AI revolution, offering innovative solutions in GPU cloud platforms, green-powered data centers, and sovereign AI capabilities.

CoreWeave: GenAI Cloud Powerhouse

CoreWeave (NASDAQ: CRWV) has positioned itself as a leader in generative AI (GenAI) infrastructure. The company operates a GPU-centric cloud platform designed to scale and accelerate GenAI workloads. With modern solutions for managing supercomputing complexity, CoreWeave is becoming the backbone of AI training and inference at scale.

CoreWeave went public in March 2025, raising $1.5 billion in its IPO, the largest U.S. tech IPO since 2021. The stock initially priced at $40 per share surged to $187 in June before retreating toward $100 in early August. Analyst coverage has increased, with 26 ratings and a consensus Hold rating, with a price target of $90. Despite being unprofitable, CoreWeave reported $982 million in revenue in Q1, up 420% year-over-year. The company also signed an $11.9 billion deal with OpenAI and announced an additional $4 billion expansion agreement. For Q2, the company raised its guidance to $1.06-1.10 billion, and full-year 2025 revenue is forecasted between $4.9-5.1 billion.

IREN Limited: Green-Powered AI & Compute

IREN Limited (NASDAQ: IREN), formerly known as Iris Energy, is carving out a niche by blending power-hungry computing with clean energy. The company operates data centers powered by renewable sources, optimized for dense workloads like AI training and inference. Its facilities are grid-connected and energy-efficient, positioning IREN as a potential leader in the AI race, where power supply limitations are becoming increasingly critical.

IREN’s cloud infrastructure is built on NVIDIA’s reference architecture, offering 3.2TB/s InfiniBand connectivity. This unique selling point is attractive to enterprises seeking low-latency, high-throughput GPU compute. The company’s fully integrated model allows clients to deal directly with the data center operator, resulting in more competitive pricing and tailored customer service. In 2025, IREN’s shares have seen a 67% increase, reflecting the market’s appreciation for its role in the future of AI and sustainability.

Nebius: Europe’s AI Cloud for Tomorrow

Nebius Group (NASDAQ: NBIS) is a Netherlands-based technology company providing full-stack infrastructure for the global AI industry. Headquartered in Amsterdam, Nebius operates AI-focused data centers and GPU clusters across Europe and North America. Its brands include Toloka AI, TripleTen, and Avride, each contributing to the company’s vertically integrated, purpose-built infrastructure.

Nebius offers an AI-native cloud platform optimized for large-scale AI training and inference, leveraging NVIDIA GPUs and custom software. The company’s early advantage lies in its vertically integrated, purpose-built infrastructure, which offers flexibility, enterprise-grade security, and high-performance computing that outperforms traditional hyperscalers for AI workloads. Nebius has seen significant growth, with its stock up almost 100% year-to-date and a consensus Buy rating with substantial implied upside.

Conclusion

As the AI boom continues, the spotlight often falls on front-end names like NVIDIA and OpenAI. However, behind the scenes, infrastructure companies like CoreWeave, IREN, and Nebius are doing the heavy lifting, powering the compute, managing the data, and keeping the lights on. These companies are positioned to benefit from the growing demand for scalable, efficient, and secure AI infrastructure. Investors looking to tap into the backbone of the AI ecosystem may want to keep a close eye on these emerging AI enablers.

References

[1] https://www.investing.com/analysis/3-ai-infrastructure-stocks-powering-the-next-tech-revolution-200665031
[2] https://www.ainvest.com/news/3-stocks-powering-ai-revolution-coreweave-iren-limited-nebius-2508/
[3] https://www.ainvest.com/news/tesla-founder-jb-straubel-redwood-materials-employs-ev-batteries-power-ai-data-centers-renewable-energy-2508/
[4] https://www.theglobeandmail.com/investing/markets/stocks/CRWV/pressreleases/34024385/3-ai-infrastructure-stocks-powering-the-next-tech-revolution/