From 24/7 Wall St. · David Moadel · · 1m 10s
Cloudflare, Nebius and CoreWeave AI Stocks Rise Amid NVIDIA Slide
AI cloud stocks surge as NVIDIA falls, driven by Cloudflare's earnings beat and CoreWeave's Wayve deal.
In brief
AI cloud stocks surge as NVIDIA falls, driven by Cloudflare's earnings beat and CoreWeave's Wayve deal. Cloudflare's best quarter ever and CoreWeave's Wayve deal boost AI cloud stocks despite NVIDIA's decline. Originally reported by 24/7 Wall St..
Cloudflare Earnings Beat
Cloudflare stock jumps 11% to $297.22 after reporting a best-ever quarter with 39.2% year-over-year revenue growth.
“Cloudflare’s best quarter ever”
Nebius Stock Surge
Nebius Group stock rises 9% to $140.70 ahead of its Q3 2026 earnings report.
CoreWeave Deal with Wayve
CoreWeave stock climbs 6% to $49.18 after signing multi-year cloud deal with Wayve for autonomous driving.
NVIDIA Stock Decline
NVIDIA stock drops 5% to $177.40 amid CEO relationship investigation report.
Cloudflare's Financial Highlights
Cloudflare's Q3 revenue reached $782.51 million, beating consensus estimates with $0.38 adjusted earnings per share.
Nebius Earnings Expectations
Nebius expected to report 500% year-over-year revenue growth and adjusted loss of 69 cents to $1.11 per share.
CoreWeave's Wayve Agreement
Wayve will use CoreWeave's NVIDIA Blackwell infrastructure to train and test autonomous driving models.
The bottom line
Cloudflare's best quarter ever and CoreWeave's Wayve deal boost AI cloud stocks despite NVIDIA's decline.
