Nvidia’s $250 Billion Financing Plan Lifts Neocloud Stocks CoreWeave, Nebius, and IREN

TLDR

• Nvidia is in talks to provide a $250 billion financing guarantee to help OpenAI lease a massive data center in Ohio
• CoreWeave, Nebius, and IREN shares all rose in pre-market trading Monday following the news
• The 10-gigawatt project in Pike County, Ohio is being developed by a SoftBank energy subsidiary and could cost over $500 billion total
• Nvidia holds equity stakes in all three neocloud companies, including a 9.3% stake in Nebius and 47.2 million shares in CoreWeave
• Wall Street analysts give all three stocks a Moderate Buy rating, with IREN showing the highest upside potential at around 103%

Shares in neocloud companies CoreWeave, Nebius, and IREN all climbed in pre-market trading on Monday, July 27. The gains came after The Wall Street Journal reported that Nvidia is in talks to provide a $250 billion financing guarantee for OpenAI’s data center project.

CoreWeave, Inc. Class A Common Stock, CRWV

The three stocks had fallen on Friday. The Monday bounce appeared tied to investor optimism around what Nvidia’s move could mean for the broader AI infrastructure sector.

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