Stocks · Theme
GPU cloud stocks · 19 research notes
19 GPU cloud & neoclouds stocks with a dated research note: thesis, kill line and next catalyst.
Earlier themeNot among the research's active themes (last active 2 October 2026). Each stock's note below is dated on its own.
All 19 have a dated research note with a published kill line: the note's own test, stated in advance, of what would prove it wrong: a price level, a business fact, or both.
All stocksCBRSCerebras SystemsMedium Cerebras Systems is modestly more likely to beat the S&P 500 over three months after guiding fourth-quarter core revenue to $310–330 million, above the $271 million consensus, and adding Microsoft as a cloud customer. The fourth-quarter…CRWVCoreWeaveMedium CoreWeave's third-quarter beat and 26% higher profit guide on 10 November 2026 give its shares a modestly better-than-even case against the S&P 500; the debt-funding plan, Microsoft's supplier review and Nvidia's leadership change decide…BRUNBoost RunLow Boost Run's shares are more likely to lag the S&P 500 over the next three months: third-quarter 2026 revenue missed, a $13 million-a-month Georgia project slipped to 2027, and its 2027 hardware plan far exceeds its cash. The end-November…IRENLow IREN Limited's shares look more likely to lag the S&P 500, because its AI cloud ramp is behind its own $4 billion operating revenue-rate target while Microsoft reassesses neocloud deals. Operating annual recurring revenue reported against…NBISNebius GroupLow Nebius Group's shares are more likely to lag the S&P 500 over three months because its 12 November 2026 report pushed Microsoft capacity into 2027 and raised 2026 spending to about $27 billion. The fourth-quarter report, expected around…ORCLOracleLow Oracle's shares look more likely to lag the S&P 500 over the next three months, as Microsoft's exit from rented capacity, a scrapped Tencent lease and heavy cash burn outweigh a peer-led rebound. The fiscal second-quarter 2027 report,…SPCXSpaceXLow SpaceX shares are more likely to lag the S&P 500 because Anthropic, its largest compute customer, can leave its contracts in early 2027. The 1 December 2026 billing start of a $1.11-billion-a-month hosting deal is the first test of whether…BLZEBackblazeMedium Backblaze's cloud-storage business is accelerating: the 2 November 2026 report beat guidance and raised the 2026 outlook, yet the shares remain far below August on CoreWeave credit fears. Revenue from CoreWeave's ramp in Q4 2026 settles it.DOCNDigitalOcean HoldingsMedium DigitalOcean's AI cloud revenue beat guidance in the third quarter ($321 million, up 40%) and the year was raised, but a $1 billion stock-sale program caps the case; the fourth-quarter report decides whether growth outruns new shares.APLDApplied DigitalLow Applied Digital's data-centre rent is growing, but financing for about 800 MW of unbuilt capacity at rising costs makes the shares more likely to lag the S&P 500 over three months; financing terms and fiscal Q2 2027 rental revenue settle…BIRDSmartbirdLow Smartbird, the former Allbirds, is more likely to trail the S&P 500: its AI-cluster rental business has added supplier and data center deals but names no paying customer. The third-quarter 10-Q, due around 16 November 2026, shows whether…BTBTBit DigitalLow Bit Digital's shares are more likely to lag the S&P 500 over three months: revenue fell and missed, parent cash is about $5.0 million, and the shares hit a 52-week closing low of $0.66 on 13 November 2026. A turn in fourth-quarter cloud…BTDRBitdeer Technologies GroupLow Bitdeer Technologies Group is more likely to lag the S&P 500 over three months: cash of $213.7 million sits against about $1.95 billion of borrowings, and Johor slipped to 2027. Tydal Phase 1 delivery by 31 December 2026 settles whether…DGXXDigi Power XLow Digi Power X's pivot from bitcoin mining to AI data center hosting is more likely to lag the S&P 500 over three months: Phase 1 of its Alabama campus entering service in December 2026 and the $200 million debt financing closing by about 11…HIVEHIVE Digital TechnologiesLow HIVE Digital Technologies' AI cloud revenue grew to $8.8 million in the quarter ended 30 September 2026, but bitcoin mining still supplied $76.0 million and the quarter's loss was $78.7 million, so the shares are more likely to lag the S&P…HUTHut 8Low Hut 8's shift from bitcoin miner to AI data-center landlord, with about $19.6 billion of contracted Beacon Point leases, is more likely to lag the S&P 500 over three months; the Texas grid decision expected around 17 December 2026 settles…RUMRumbleLow RUM Group, formerly Rumble, is more likely to lag the S&P 500 over three months: third-quarter revenue beat the guide, but the $13.7 billion Maysville contract is being reworked and has no financing. A disclosed funding package or a signed…RXTRackspace TechnologyLow Rackspace Technology's shares are more likely to lag the S&P 500: about $610 million of new AI contracts announced 10 November 2026 lack secured GPU financing while dilution widens. The year-end AMD installation and a signed financing…WULFTeraWulfLow TeraWulf's move from bitcoin miner to AI data-centre landlord is a delivery-timing story: the 6 November 2026 report pushed first CB-4 rent from September to Q4, and the first reported CB-4 rent settles it.