CoreWeave joined the Nasdaq-100 index, and Nebius Group spun out of Yandex.
1 report, 1 independent
Updated Jun 19
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What happened
CoreWeave joined the Nasdaq-100 index, and Nebius Group spun out of Yandex.
Who's involved
What this event is mainly aboutKeep exploring
The entities involved
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CoreWeave
American cloud computing company
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Nebius Group
Netherlandese company developing a portfolio of AI-related technology assets
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Yandex
Russian technology company
Nothing else this week.
Related events
- CoreWeave and Nebius Group are identified as pure-play AI cloud providers, and Nebius stock experienced a decline.
- Palantir named Nebius its preferred AI partner, while CoreWeave recently joined the NASDAQ 100.
- Nebius Group, a carve-out of Yandex, is providing specialized infrastructure, including housing Nvidia's most powerful chips, for major tech companies.
- Chris Pavlovski stated that CoreWeave is facing competition, noting that RUM Group is utilizing Maysville data center capacity and aiming to fiercely compete with CoreWeave.
- CoreWeave and Nebius Group are renting Nvidia-powered computing for AI, while Meta builds its own cloud business.