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The 'AI Cloud' is back with a vengeance! Since 2026, CoreWeave has surged over 40%, and NEBIUS has risen nearly 30%.
AI cloud trading has made a strong comeback, with capital flowing back to the computing power supply side. CoreWeave has risen by approximately 42% year-to-date, NEBIUS by about 28%, and Iren by over 53%. The rebound is driven by improved earnings expectations and technical breakthroughs. Taiwan Semiconductor's better-than-expected earnings report and upward revision of capital expenditures have validated the continued expansion of AI demand, with a gross margin of 62.3% dispelling concerns of a bubble.