CoreWeave (NASDAQ:CRWV) stock is up 8% in Tuesday morning trading, with shares climbing from an opening price of $69.15 to nearly $75. Meanwhile, Nebius Group (NASDAQ:NBIS | NBIS Price Prediction) stock is gaining 7%, rising from $92.26 at the open to around $98.50. Both AI infrastructure names are rebounding sharply after a steep selloff in the sector.
The timing matters. CRWV stock had fallen approximately 15.63% over the prior week, while NBIS shares dropped approximately 19.18% in the same span. Today’s moves represent a meaningful reversal, each driven by company-specific catalysts that signal growing institutional confidence in the neocloud AI infrastructure buildout.
CoreWeave Closes Landmark $8.5 Billion Financing
The primary catalyst for CRWV stock today is the closing of CoreWeave’s DDTL 4.0 Facility, an $8.5 billion delayed draw term loan facility. This is a genuine milestone: it’s the first investment-grade rated GPU-backed financing in history, earning ratings of A3 from Moody’s and A (low) from DBRS. It is also the first HPC infrastructure delayed draw term loan to achieve investment grade status.
The facility carries an initial borrowing capacity of approximately $7.5 billion, expandable to $8.5 billion, with a floating rate of SOFR plus 2.25%, a fixed rate of approximately 5.9%, and a maturity date of March 2032. The deal is non-recourse and was meaningfully oversubscribed, anchored by Blackstone (NYSE:BX) Credit & Insurance, with MUFG and Morgan Stanley as co-structuring agents and Goldman Sachs and JPMorgan as additional coordinating lead arrangers.
CoreWeave co-founder and chief development officer Brannin McBee said the transaction “reflects confidence in AI adoption and represents continued market validation of our model that is proving both repeatable and scalable.” With this facility, the total equity and debt financing commitments have reached approximately $28 billion over the past 12 months. That figure includes a $2 billion investment from NVIDIA in early 2026.
Nebius Launches Aether Platform, Announces Finland Data Center
Nebius stock is moving on two fronts today. The company launched Nebius AI Cloud 3.5, its Aether platform upgrade, introducing serverless capabilities that let developers build and scale AI workloads without managing underlying infrastructure. The update adds NVIDIA (NASDAQ:NVDA) RTX PRO 6000 Blackwell Server Edition GPUs, supporting inference, industrial robotics, simulation, and drug discovery, alongside a new Data Transfer Service for streamlined data movement across cloud environments.
Separately, Nebius announced a $10 billion investment in a new 310 MW AI factory data center in Lappeenranta, Finland, launching in phases starting in 2027 and expected to create up to 700 construction jobs and 100 permanent roles. The company has also announced a 400-acre AI factory campus in Independence supporting up to 1.2 GW in the U.S. Nebius has contracted more than 2 GW of power with expectations to exceed 3 GW, and is targeting 800 MW to 1 GW of connected power by end of 2026, with a long-term goal of more than 5 GW by 2030.
Bank of America initiated coverage of Nebius stock with a Buy rating and a $150 price target, implying meaningful upside from current levels. For more on the competitive dynamics shaping the neocloud space, see how Nebius positioned itself after NVIDIA’s $2 billion investment.
Bulls, Bears, and What Comes Next
The bulls see today’s catalysts as proof that AI infrastructure companies are maturing into investment-grade businesses. CoreWeave’s oversubscribed facility and Nebius’s Bank of America coverage initiation both point to growing conviction from major financial institutions in the long-term GPU cloud build-out.
However, the bears have legitimate concerns. CoreWeave posted a Q4 FY25 net loss of $452 million on $4.06 billion in quarterly capex, and Nebius trades at a price-to-book ratio of 5.5x versus the industry average of 3.17x. Reddit sentiment on CRWV stock remains persistently bearish despite today’s move, and NBIS stock’s social sentiment has reversed sharply from very bullish to bearish over the past week.
Whether both stocks can hold their gains into the close will be a key signal for near-term momentum. Any commentary from CoreWeave or Nebius management on deployment timelines or customer demand could shape the next move for CRWV and NBIS.
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