<p>云基础设施提供商 <strong>CoreWeave</strong>( CRWV +5.77%) 和 <strong>Nebius Group</strong>( NBIS 0.90%) 的股票在 7 月 1 日遭遇重创，因为有消息称超大规模云计算巨头 <strong>Meta Platforms</strong>( META +3.12%) 计划与它们竞争。</p>
<p>CoreWeave 的股票在一个交易日内几乎损失了 14% 的价值，而 Nebius 则下跌了 17%。另一方面，Meta Platforms 在 <em>彭博新闻</em> 报道该公司计划将其多余的云计算能力出租给客户后，股价上涨了近 9%。这对 CoreWeave 和 Nebius 来说并不是个好兆头，因为这两家公司都在建设专用的 AI 数据中心，并将其能力出租给希望在云中运行 AI 工作负载的客户。</p>
<p>因此，很容易理解为什么它们的股票在 <em>彭博新闻</em> 报道后大幅下跌。实际上，Meta 不仅会进入 Nebius 和 CoreWeave 的领域；这家科技巨头的计划也可能会损害这些新云提供商的前景。让我们看看为什么会这样。</p>
<p><img src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-dXJsPWh0dHBzOi8vZy5mb29sY2RuLmNvbS9lZGl0b3JpYWwvaW1hZ2VzLzg3NzY5Ny9wZXJzb24tZm9sZGVkLWhhbmRzLWNvbXB1dGVyLmpwZwI2dz0zODQwAjZvcD1yZXNpemU?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" original-src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-dXJsPWh0dHBzOi8vZy5mb29sY2RuLmNvbS9lZGl0b3JpYWwvaW1hZ2VzLzg3NzY5Ny9wZXJzb24tZm9sZGVkLWhhbmRzLWNvbXB1dGVyLmpwZwI2dz0zODQwAjZvcD1yZXNpemU"/></p>
<p>图片来源：Getty Images。</p>
<h2>CoreWeave 和 Nebius 与 Meta Platforms 签署了巨额合同</h2>
<p>Meta Platforms 一直在积极投资建设 AI 数据中心基础设施。同时，这家科技巨头也在从 CoreWeave 和 Nebius 租用能力，以支持其应用程序和广告平台上 AI 工具的推出。</p>
<p>展开</p>
<p><img src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-dXJsPWh0dHBzOi8vZy5mb29sY2RuLmNvbS9hcnQvY29tcGFueWxvZ29zL21hcmsvTkJJUy5wbmcCNnc9MTI4AjZvcD1yZXNpemU?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="Nebius Group 股票报价" original-src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-dXJsPWh0dHBzOi8vZy5mb29sY2RuLmNvbS9hcnQvY29tcGFueWxvZ29zL21hcmsvTkJJUy5wbmcCNnc9MTI4AjZvcD1yZXNpemU"/></p>
<h2>NASDAQ: NBIS</h2>
<p>Nebius Group</p>
<p>今日变动</p>
<p>(-0.90%) $-1.93</p>
<p>当前价格</p>
<p>$213.69</p>
<h3>关键数据点</h3>
<p>市值</p>
<p>$54B 市值仅根据公开交易的流通股计算。不包括未上市、私有或双重类别的非交易股份。隐含市值可能会有所不同。市值仅根据公开交易的流通股计算。不包括未上市、私有或双重类别的非交易股份。隐含市值可能会有所不同。</p>
<p>日内区间</p>
<p>$206.47 - $224.91</p>
<p>52 周区间</p>
<p>$43.89 - $299.86</p>
<p>成交量</p>
<p>1.5K</p>
<p>平均成交量</p>
<p>17.9M</p>
<p>毛利率</p>
<p>7.48%</p>
<p>CoreWeave 在今年 4 月与 Meta 扩展了协议，提供云计算能力，合同价值达 210 亿美元，期限至 2032 年 12 月。值得注意的是，两家公司最初在 2025 年 9 月签署了一份价值 142 亿美元的协议。同样，Nebius 在 3 月宣布将从明年初开始向 Meta 提供价值 120 亿美元的专用云计算能力。</p>
<p>更重要的是，Nebius 补充说，Meta 承诺在五年内购买价值 150 亿美元的额外能力，而这部分能力原本计划出售给其他第三方 AI 云客户。这项协议的总价值高达 270 亿美元。</p>
<p>毫不奇怪，在 <em>彭博新闻</em> 报道 Meta 计划将其多余的 AI 计算能力出售给客户后，Nebius 和 CoreWeave 的股票像石头一样下跌。然而，报道还补充说，这一商业计划目前仍在开发中，可能会有所变化。</p>
<h2>这些 AI 股票的急剧下跌可能是一个买入机会</h2>
<p>毫无疑问，如果 Meta 决定与它们竞争，CoreWeave 和 Nebius 可能会受到打击，尤其是考虑到 Meta 是它们的客户。然而，Meta 出售 AI 计算能力给客户的计划尚未正式确定。但即使如此，投资者也不应忘记，CoreWeave 和 Nebius 的专用 AI 数据中心的需求已经超过了供应。</p>
<p>CoreWeave 管理层在 5 月的 财报电话会议 中指出，其 AI 云平台的需求 “正在加速，我们的 2026 年能力基本上已经售罄。” 更好的是，该公司的客户基础正在多样化。到第一季度末，它有 10 个客户承诺在其云平台上至少花费 10 亿美元。CoreWeave 指出，其 994 亿美元的收入积压中有 30% 来自基础 AI 实验室，如 Anthropic。</p>
<p>与此同时，Nebius 管理层在 5 月的 财报电话会议 中指出，它通常会看到 “每个我们上线的 GPU 都有几个客户在竞争。” Nebius 还补充说，它建设的每个数据中心都已售出。这解释了为什么这两家公司都在实现惊人的收入增长。</p>
<p></p>
<p>数据来源：YCharts</p>
<p>更重要的是，这两家公司都处于一个稳固的位置，可以维持其令人印象深刻的增长率。这是因为 AI 数据中心的需求远远超过供应，这种情况可能会持续下去。根据 <strong>高盛</strong> 的预测，美国的数据中心电力需求预计将从去年的 31 吉瓦 (GW) 在 2027 年翻倍至 66 吉瓦。</p>
<p>强劲的需求情景预计将持续到本十年末，<strong>Gartner</strong> 估计，专注于 AI 的服务器的电力使用量可能从去年的 21% 增长到 2030 年的 44%。该公司还补充说，数据中心的整体电力使用量预计将在 2030 年前增长近 5 倍。因此，即使 Meta 停止成为 CoreWeave 和 Nebius 的客户，这些新云提供商仍可以将能力分配给其他客户。</p>
<p>因此，如果 Meta 开始与他们竞争，市场上还有足够的空间让另一家公司加入 Nebius 和 CoreWeave，提供 AI 数据中心基础设施。毕竟，几家云服务提供商正在建设和部署数据中心容量，但这仍然不足以满足惊人的需求。这一切都解释了为什么 CoreWeave 和 Nebius 预计将保持稳健的增长率。</p>
<p></p>
<p>数据来源：YCharts</p>
<p>另一个值得注意的重要点是，CoreWeave 现在的市销率仅为 6.6 倍，正值其最新的下滑。而 Nebius 的市销率仍然高达 65 倍，但考虑到其惊人的增长率，这一估值是可以合理化的，这可能使其在长期内成为一个多倍收益的投资。因此，最近这些 AI 股票 的回调看起来是投资者购买更多股份的良好机会，因为他们可以在其稳健的财务增长的支持下再次加速。</p>

NBIS

CRWV

<p>Meta Platforms 计划出租多余的云计算能力，这导致 CoreWeave 和 Nebius 的股价大幅下跌。尽管面临这种竞争风险，但强劲的人工智能基础设施需求以及与 Meta 现有的数十亿美元合同表明，这些新云服务提供商仍然具备良好的增长潜力</p>

<p>Shares of neocloud infrastructure providers <strong>CoreWeave</strong>( CRWV +5.77%) and <strong>Nebius Group</strong>( NBIS 0.90%) were clobbered on July 1 after it emerged that hyperscaler giant <strong>Meta Platforms</strong>( META +3.12%) plans to compete with them.</p>
<div class="lb-trans"><p>云基础设施提供商 <strong>CoreWeave</strong>( CRWV +5.77%) 和 <strong>Nebius Group</strong>( NBIS 0.90%) 的股票在 7 月 1 日遭遇重创，因为有消息称超大规模云计算巨头 <strong>Meta Platforms</strong>( META +3.12%) 计划与它们竞争。</p>
</div><p>CoreWeave stock shed almost 14% of its value in a single session, while Nebius dropped by 17%. Meta Platforms, on the other hand, gained nearly 9% after <em>Bloomberg</em> <em>News</em> reported that the Magnificent Seven company is planning to rent out its excess cloud computing capacity to customers. That doesn't bode well for CoreWeave and Nebius at first, as both companies are in the business of building dedicated AI data centers and renting out their capacity to customers looking to run AI workloads in the cloud.</p>
<div class="lb-trans"><p>CoreWeave 的股票在一个交易日内几乎损失了 14% 的价值，而 Nebius 则下跌了 17%。另一方面，Meta Platforms 在 <em>彭博新闻</em> 报道该公司计划将其多余的云计算能力出租给客户后，股价上涨了近 9%。这对 CoreWeave 和 Nebius 来说并不是个好兆头，因为这两家公司都在建设专用的 AI 数据中心，并将其能力出租给希望在云中运行 AI 工作负载的客户。</p>
</div><p>So, it was easy to see why their shares fell substantially following the <em>Bloomberg News</em> report. In fact, Meta won't just be moving into Nebius and CoreWeave's territory; the tech giant's reported move could also hurt the prospects of these neocloud providers. Let's see why that may be the case.</p>
<div class="lb-trans"><p>因此，很容易理解为什么它们的股票在 <em>彭博新闻</em> 报道后大幅下跌。实际上，Meta 不仅会进入 Nebius 和 CoreWeave 的领域；这家科技巨头的计划也可能会损害这些新云提供商的前景。让我们看看为什么会这样。</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84Nzc2OTcvcGVyc29uLWZvbGRlZC1oYW5kcy1jb21wdXRlci5qcGcmdz0zODQw" alt="Person in a suit looking at a computer screen with folded hands." original-src="https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F877697%2Fperson-folded-hands-computer.jpg&amp;w=3840&amp;op=resize"/></p>
<p>Image source: Getty Images.</p>
<div class="lb-trans"><p>图片来源：Getty Images。</p>
</div><h2>CoreWeave and Nebius have signed massive contracts with Meta Platforms</h2>
<div class="lb-trans"><h2>CoreWeave 和 Nebius 与 Meta Platforms 签署了巨额合同</h2>
</div><p>Meta Platforms has been spending aggressively to build AI data center infrastructure capacity. At the same time, the tech giant has been renting capacity from CoreWeave and Nebius to support the rollout of AI tools across its apps and advertising platform.</p>
<div class="lb-trans"><p>Meta Platforms 一直在积极投资建设 AI 数据中心基础设施。同时，这家科技巨头也在从 CoreWeave 和 Nebius 租用能力，以支持其应用程序和广告平台上 AI 工具的推出。</p>
</div><p>Expand</p>
<div class="lb-trans"><p>展开</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vYXJ0L2NvbXBhbnlsb2dvcy9tYXJrL05CSVMucG5nJnc9MTI4" alt="Nebius Group Stock Quote" original-src="https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Fart%2Fcompanylogos%2Fmark%2FNBIS.png&amp;w=128&amp;op=resize"/></p>
<h2>NASDAQ: NBIS</h2>
<div class="lb-trans"><h2>NASDAQ: NBIS</h2>
</div><p>Nebius Group</p>
<div class="lb-trans"><p>Nebius Group</p>
</div><p>Today's Change</p>
<div class="lb-trans"><p>今日变动</p>
</div><p>(-0.90%) $-1.93</p>
<div class="lb-trans"><p>(-0.90%) $-1.93</p>
</div><p>Current Price</p>
<div class="lb-trans"><p>当前价格</p>
</div><p>$213.69</p>
<div class="lb-trans"><p>$213.69</p>
</div><h3>Key Data Points</h3>
<div class="lb-trans"><h3>关键数据点</h3>
</div><p>Market Cap</p>
<div class="lb-trans"><p>市值</p>
</div><p>$54BMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.Market cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.</p>
<div class="lb-trans"><p>$54B 市值仅根据公开交易的流通股计算。不包括未上市、私有或双重类别的非交易股份。隐含市值可能会有所不同。市值仅根据公开交易的流通股计算。不包括未上市、私有或双重类别的非交易股份。隐含市值可能会有所不同。</p>
</div><p>Day's Range</p>
<div class="lb-trans"><p>日内区间</p>
</div><p>$206.47 - $224.91</p>
<div class="lb-trans"><p>$206.47 - $224.91</p>
</div><p>52wk Range</p>
<div class="lb-trans"><p>52 周区间</p>
</div><p>$43.89 - $299.86</p>
<div class="lb-trans"><p>$43.89 - $299.86</p>
</div><p>Volume</p>
<div class="lb-trans"><p>成交量</p>
</div><p>1.5K</p>
<div class="lb-trans"><p>1.5K</p>
</div><p>Avg Vol</p>
<div class="lb-trans"><p>平均成交量</p>
</div><p>17.9M</p>
<div class="lb-trans"><p>17.9M</p>
</div><p>Gross Margin</p>
<div class="lb-trans"><p>毛利率</p>
</div><p>7.48%</p>
<div class="lb-trans"><p>7.48%</p>
</div><p>CoreWeave expanded its agreement with Meta in April this year to provide cloud computing capacity through December 2032 in a deal worth $21 billion. It is worth noting that the two companies had originally signed a $14.2 billion deal in September 2025. Similarly, Nebius announced in March that it will provide $12 billion in dedicated cloud computing capacity to Meta starting early next year.</p>
<div class="lb-trans"><p>CoreWeave 在今年 4 月与 Meta 扩展了协议，提供云计算能力，合同价值达 210 亿美元，期限至 2032 年 12 月。值得注意的是，两家公司最初在 2025 年 9 月签署了一份价值 142 亿美元的协议。同样，Nebius 在 3 月宣布将从明年初开始向 Meta 提供价值 120 亿美元的专用云计算能力。</p>
</div><p>What's more, Nebius added that Meta has committed to buying $15 billion in additional capacity over five years, which the neocloud provider had originally planned to sell to other third-party AI cloud customers. The total value of this agreement was worth a whopping $27 billion.</p>
<div class="lb-trans"><p>更重要的是，Nebius 补充说，Meta 承诺在五年内购买价值 150 亿美元的额外能力，而这部分能力原本计划出售给其他第三方 AI 云客户。这项协议的总价值高达 270 亿美元。</p>
</div><p>Not surprisingly, shares of Nebius and CoreWeave dropped like a rock after <em>Bloomberg News</em> reported Meta's planned initiative of selling its excess AI computing capacity to customers. However, the report also added that this business plan is currently in development and may change.</p>
<div class="lb-trans"><p>毫不奇怪，在 <em>彭博新闻</em> 报道 Meta 计划将其多余的 AI 计算能力出售给客户后，Nebius 和 CoreWeave 的股票像石头一样下跌。然而，报道还补充说，这一商业计划目前仍在开发中，可能会有所变化。</p>
</div><h2>The sharp decline in these AI stocks could be a buying opportunity</h2>
<div class="lb-trans"><h2>这些 AI 股票的急剧下跌可能是一个买入机会</h2>
</div><p>There is no doubt that CoreWeave and Nebius could take a hit if Meta decides to compete with them, especially considering that it is a customer. However, Meta's plan of selling AI computing capacity to customers isn't official yet. But even if that were to be the case, investors shouldn't forget that the demand for CoreWeave and Nebius' dedicated AI data centers is exceeding supply.</p>
<div class="lb-trans"><p>毫无疑问，如果 Meta 决定与它们竞争，CoreWeave 和 Nebius 可能会受到打击，尤其是考虑到 Meta 是它们的客户。然而，Meta 出售 AI 计算能力给客户的计划尚未正式确定。但即使如此，投资者也不应忘记，CoreWeave 和 Nebius 的专用 AI 数据中心的需求已经超过了供应。</p>
</div><p>CoreWeave management noted on the May earnings call that the demand for its AI cloud platform &#34;is accelerating and we remain largely sold out of our 2026 capacity.&#34; Even better, the company's customer base is getting diverse. It had 10 customers at the end of Q1 who had committed to spending at least $1 billion on its cloud platform. CoreWeave points out that 30% of its $99.4 billion revenue backlog was from foundational AI labs, such as Anthropic.</p>
<div class="lb-trans"><p>CoreWeave 管理层在 5 月的 财报电话会议 中指出，其 AI 云平台的需求 “正在加速，我们的 2026 年能力基本上已经售罄。” 更好的是，该公司的客户基础正在多样化。到第一季度末，它有 10 个客户承诺在其云平台上至少花费 10 亿美元。CoreWeave 指出，其 994 亿美元的收入积压中有 30% 来自基础 AI 实验室，如 Anthropic。</p>
</div><p>Meanwhile, Nebius management noted on the May earnings call that it typically sees &#34;several customers competing for every GPU we bring online.&#34; Nebius also added that every data center that it builds is sold. This explains why both companies have been clocking phenomenal revenue growth.</p>
<div class="lb-trans"><p>与此同时，Nebius 管理层在 5 月的 财报电话会议 中指出，它通常会看到 “每个我们上线的 GPU 都有几个客户在竞争。” Nebius 还补充说，它建设的每个数据中心都已售出。这解释了为什么这两家公司都在实现惊人的收入增长。</p>
</div><p></p>
<div class="lb-trans"><p></p>
</div><p>Data by YCharts</p>
<div class="lb-trans"><p>数据来源：YCharts</p>
</div><p>More importantly, both companies are in a solid position to sustain their impressive growth rates. That's because the demand for AI data centers far exceeds supply, a situation that's likely to persist. According to <strong>Goldman Sachs</strong>, data center power demand in the U.S. is projected to more than double to 66 gigawatts (GW) in 2027 from 31 GW last year.</p>
<div class="lb-trans"><p>更重要的是，这两家公司都处于一个稳固的位置，可以维持其令人印象深刻的增长率。这是因为 AI 数据中心的需求远远超过供应，这种情况可能会持续下去。根据 <strong>高盛</strong> 的预测，美国的数据中心电力需求预计将从去年的 31 吉瓦 (GW) 在 2027 年翻倍至 66 吉瓦。</p>
</div><p>The strong demand scenario is likely to persist through the end of the decade, with <strong>Gartner</strong> estimating that the power usage of AI-focused servers could grow from 21% last year to 44% in 2030. The firm also adds that the overall electricity usage of data centers is poised to jump by almost 5x through 2030. So, even if Meta stops being a customer for CoreWeave and Nebius, the neocloud providers can allocate the capacity to other customers.</p>
<div class="lb-trans"><p>强劲的需求情景预计将持续到本十年末，<strong>Gartner</strong> 估计，专注于 AI 的服务器的电力使用量可能从去年的 21% 增长到 2030 年的 44%。该公司还补充说，数据中心的整体电力使用量预计将在 2030 年前增长近 5 倍。因此，即使 Meta 停止成为 CoreWeave 和 Nebius 的客户，这些新云提供商仍可以将能力分配给其他客户。</p>
</div><p>So, if Meta starts competing with them, there is enough room for another company to join Nebius and CoreWeave in providing AI data center infrastructure. After all, several cloud providers are building and deploying data center capacity, and that hasn't been enough to meet the phenomenal demand. All this explains why CoreWeave and Nebius are anticipated to sustain solid growth rates.</p>
<div class="lb-trans"><p>因此，如果 Meta 开始与他们竞争，市场上还有足够的空间让另一家公司加入 Nebius 和 CoreWeave，提供 AI 数据中心基础设施。毕竟，几家云服务提供商正在建设和部署数据中心容量，但这仍然不足以满足惊人的需求。这一切都解释了为什么 CoreWeave 和 Nebius 预计将保持稳健的增长率。</p>
</div><p></p>
<div class="lb-trans"><p></p>
</div><p>Data by YCharts</p>
<div class="lb-trans"><p>数据来源：YCharts</p>
</div><p>Another important point worth noting is that CoreWeave can now be bought at just 6.6 times sales following its latest slide. While Nebius remains expensive at 65 times sales, it can justify that valuation given its stunning growth rate, which could make it a multibagger in the long run. So, the recent pullback in these AI stocks looks like a solid opportunity for investors to buy more shares as they can step on the gas once again on the back of their solid financial growth.</p>
<div class="lb-trans"><p>另一个值得注意的重要点是，CoreWeave 现在的市销率仅为 6.6 倍，正值其最新的下滑。而 Nebius 的市销率仍然高达 65 倍，但考虑到其惊人的增长率，这一估值是可以合理化的，这可能使其在长期内成为一个多倍收益的投资。因此，最近这些 AI 股票 的回调看起来是投资者购买更多股份的良好机会，因为他们可以在其稳健的财务增长的支持下再次加速。</p>
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Meta Platforms Just Gave a Massive Warning to CoreWeave and Nebius. Is It Time to Sell These AI Infrastructure Stocks?

- Meta Platforms 计划在云计算领域与 CoreWeave 和 Nebius 竞争，导致两者股价大幅下跌。
- 尽管面临竞争压力，但 CoreWeave 与 Nebius 的 AI 数据中心需求依然强劲，有望持续增长。
- 投资者可视此次股价回调为买入机会，未来仍有盈利潜力。

Motley Fool

Nebius

Coreweave

Leverage Shares 2X Long NBIS Daily ETF

2 倍做多 META ETF - GraniteShares

T-REX 2X Long CRWV Daily Target ETF

Leverage Shares 2X Long CRWV Daily ETF

2 倍做多 Meta ETF - Direxion

T-REX 2X Inverse CRWV Daily Target ETF

Tradr 2X Long NBIS Daily ETF

GraniteShares 2x Long NBIS Daily ETF

Tradr 2X Long CRWV Daily ETF

Roundhill META WeeklyPay ETF

Direxion Daily META Bear 1X Shares

Tradr 2X Short Nbis Daily ETF

Yieldmax Meta Option Income Strategy ETF

Graniteshares YieldBOOST Meta ETF

2 倍做多 MAG7 指数 ETF - Roundhill

GraniteShares YieldBOOST CRWV ETF

高盛

加特纳

GS Hldg R

Meta Platforms 刚刚向 CoreWeave 和 Nebius 发出了重大警告。现在是时候卖出这些 AI 基础设施股票了吗？