Skip to the list

GPU cloud (neoclouds)

The 20 companies in this industry listed on the NYSE and Nasdaq are worth $93 bn combined; the largest are Nebius Group (NBIS), CoreWeave (CRWV) and Applied Digital (APLD). For each one: what it does, revenue, margin, free cash flow over the last five years and a score from 0 to 10.

Data as of October 2026

Comfortable leader
20 companies value 93 bn revenue 10 bn margin -49.9% free cash flow -23 bn avg. score 0.6
NBIS holds 46.6% of the group's value, 1.3x the runner-up · CRWV leads the industry without being the largest
Rank Ticker Company Share Value Revenue Margin FCF 5 years FCF/px Yield What it does · why it is here
1 NBIS Nebius Group
Netherlands · score 1.4
47% 43 bn 0.5 bn 15.6% -3.7 bn -8.5% — Full-stack artificial intelligence cloud · European GPU cloud born from the Yandex split; rapid expansion
2 CRWV CoreWeave
United States · score 0.0
36% 34 bn 7.6 bn -25.4% -14 bn -40.5% — GPU cloud dedicated to artificial intelligence · Largest specialized GPU cloud provider for training AI models
3 APLD Applied Digital
United States · score 0.0
6% 5.8 bn 0.9 bn -47.9% -4.5 bn -76.5% — Large-scale data centers for high-intensity computing · Builds and operates data centers dedicated to AI training
4 CORZ Core Scientific
United States · score 0.0
5% 4.4 bn 0.4 bn -324.9% -1.0 bn -21.7% — Data centers for bitcoin mining and high-performance computing · Moved from bitcoin mining to hosting AI compute
5 CHRN ChronoScale Holdings Corp
United States · score 3.4
2% 2.2 bn 0.1 bn -84.6% 0.1 bn 2.5% — GPU cloud for AI and robotic exoskeletons · Texas — revenue of $96m
6 SHAZ SharonAI Holdings Inc.
United States · score 0.4
1% 1.0 bn 0.0 bn -157x 0.0 bn -0.1% — Australian neocloud for artificial intelligence and heavy computing · New York — revenue of $3m
7 BRUN Boost Run Inc.
United States · score 4.4
1% 0.7 bn 0.1 bn -173.7% 0.1 bn 13.2% — GPU cloud for artificial intelligence and high-performance computing · Illinois — revenue of $56m
8 WYFI WhiteFiber, Inc.
United States · score 0.0
1% 0.5 bn 0.1 bn -46.9% -0.3 bn -74.5% — Infrastructure for artificial intelligence · New York — revenue of $95m
9 NUAI New ERA Energy & Digital, Inc.
United States · score 0.0
0% 0.4 bn 0.0 bn -60x -0.0 bn -5.5% — AI data centers alongside pipelines and fiber networks · Texas
10 MOVE Corvex, Inc.
United States · score 0.1
0% 0.3 bn 0.0 bn -623.4% -0.0 bn -5.2% — GPU cloud for AI and a wellness ring for women · Virginia — revenue of $4m
11 XLAB Exascale Labs Holdings Inc.
United States · score 0.0
0% 0.2 bn 0.0 bn -82.0% 0.0 bn -1.4% — GPU computing infrastructure for artificial intelligence · Texas — revenue of $15m
12 QMLS QumulusAI, Inc.
United States · score 0.0
0% 0.1 bn 0.0 bn -510.1% -0.0 bn — -17.8% — Computing infrastructure for artificial intelligence · Georgia — revenue of $17m
13 AIB AIB Data Centers Inc.
United States · score 0.8
0% 0.1 bn 0.0 bn -26.5% 0.0 bn — -1.6% — Data centers with their own power contract · New York — revenue of $17m
14 AGPU Axe Compute Inc.
United States · score 0.0
0% 0.1 bn 0.0 bn -78x -0.0 bn -5.7% — GPU capacity for artificial intelligence and heavy computing · Pennsylvania — revenue of $3m
15 BIRD Smartbird, Inc.
United States · score 0.0
0% 0.0 bn 0.2 bn -49.6% -0.0 bn -159.3% — GPU infrastructure for AI, successor to a footwear brand · California — revenue of $155m
16 AZIO AZIO AI HOLDINGS, INC.
United States · score 0.0
0% 0.0 bn 0.0 bn 56.6% -0.1 bn -741.9% — AI infrastructure and data centers, successor to an electric vehicle maker · Texas — revenue of $9m
17 HOST Host Digital Inc.
United States · score 0.7
— — 0.1 bn -13.2% 0.0 bn — — AI data centers under development and legacy natural grocery stores · Florida — revenue of $73m
18 ALP Alpha Compute Corp
British Virgin Islands · score 0.3
— — 0.0 bn -398x -0.0 bn — — Cloud computing for artificial intelligence · British Virgin Islands
19 NXAT Nexus Advanced Technologies Inc.
Cayman Islands · score 0.1
— — 0.0 bn -266.1% -0.0 bn — — AI infrastructure (data centers and GPUs) in the making, after exiting K-pop content · Cayman Islands
20 SGRX SANGRIX INC.
Singapore · score 0.3
— — 0.0 bn -366x 0.0 bn — — AI infrastructure with NVIDIA GPU servers, former bitcoin miner and dogecoin treasury · Singapore

Other industries in the same sector

and 31 industries more
What this is. A catalogue, not a guide. Every industry with stocks listed on the NYSE or NASDAQ, the companies contending for its leadership, what each one does according to its own annual report, and the balance sheet it filed with the SEC.

The score runs from 0 to 10 and compares each company with every other one in the almanac on cash generation, profitability, debt, dividends and consistency over the last five years. The higher it is, the better the company fares in that comparison. Curious how much each part weighs? Ask at the bottom of the page.

Have a question or a suggestion, or found a mistake?

Write here: a question about the score, a missing company or industry, a number that looks wrong. Every message is read, and the email is so I can reply.