# GET IN EARLY! These 3 Stocks Will Make Millionaires By 2029 Source: https://www.youtube.com/watch?v=f_BmT1yaSQY Recap page: https://rapidrecap.app/video/f_BmT1yaSQY Generated: 2026-08-31T23:14:00.477+00:00 --- ## The Gist CoreWeave, Nebius, and IREN are the top three micro-cap and mid-cap AI cloud providers poised to 10X by 2029 through massive Nvidia partnerships, multi-billion-dollar backlogs, and multi-gigawatt power capacity buildouts. ## Quick Overview CoreWeave is the top stock pick among three emerging AI cloud providers, outperforming Nebius and IREN due to its massive scale, deep backlog, and unmatched active power infrastructure despite carrying high net debt. Nvidia recently reported record quarterly revenues of $96.2 billion with operating margins reaching 66.2 percent, signaling that AI spending is accelerating rather than slowing down. The video analyzes CoreWeave, Nebius, and IREN by comparing their market caps, enterprise values, revenue growth, net debt, and active power capacity to determine which stock offers the best investment return. **Key Points:** - Nvidia reported record quarterly revenues of 96.2 billion dollars, representing an 18 percent increase quarter-over-quarter and a 106 percent year-over-year increase. - CoreWeave operates 51 purpose-built AI data centers across North America and Europe with 1.5 gigawatts of active power and a contracted power target of 4.2 gigawatts. - CoreWeave reported record quarterly revenues of 2.6 billion dollars, representing a 112 percent year-over-year increase and a revenue backlog of 104.2 billion dollars. - Nebius operates as one of the most technically advanced neoclouds and expects its contracted power target to jump from 4 gigawatts to 5 gigawatts by the end of 2026. - Nebius generated 582 million dollars in quarterly revenue, which is up 454 percent year-over-year, and trades at an enterprise value of 59.4 billion dollars. - IREN transitioned from a Bitcoin miner into an AI cloud provider, hitting 70.5 million dollars in AI cloud services revenue in the fourth quarter. - IREN holds a 16.6 billion dollar backlog and targets a 4 billion dollar annualized run rate from this year's capacity. ![Screenshot at 17:21: A comparison table summarizing market cap, enterprise value, revenue run rate, backlog, and active power across CoreWeave, Nebius, and IREN.](https://ss.rapidrecap.app/screens/f_BmT1yaSQY/00-17-21.jpg) **Context:** The rapid expansion of artificial intelligence requires massive computational infrastructure, led primarily by Nvidia's advanced GPUs. While mega-cap tech giants dominate the market, specialized cloud providers known as neoclouds are securing billions in contracts to build out dedicated data centers, creating high-growth investment opportunities for retail and institutional investors. ## Detailed Analysis The video breaks down Nvidia's latest earnings call and highlights the three best small-cap AI cloud stocks that will benefit from the ongoing AI infrastructure boom. CoreWeave leads the group with the largest enterprise value, deepest revenue backlog, and most active power, though it carries substantial debt. Nebius offers explosive growth and high technical competence with rapid revenue expansion, while IREN successfully pivots from Bitcoin mining into AI cloud computing with massive contracted power capacity and lower interest expenses relative to its revenue. ### #1, CoreWeave CoreWeave is the largest and most established of the three AI cloud providers, serving as a primary launchpad for Nvidia's latest Blackwell chips. - CoreWeave operates 51 data centers across North America and Europe with 1.5 gigawatts of active power and 4.2 gigawatts of contracted power. - The company reported record quarterly revenue of 2.6 billion dollars and boasts an astonishing revenue backlog of 104.2 billion dollars. - CoreWeave carries 46.1 billion dollars in net debt, meaning its enterprise value sits at 92.5 billion dollars compared to its 46 billion dollar market cap. ![Screenshot at 07:33: A map and breakdown of CoreWeave's 51 active data centers and 4.2 gigawatts of contracted power across North America and Europe.](https://ss.rapidrecap.app/screens/f_BmT1yaSQY/00-07-33.jpg) ### #2, Nebius Nebius stands out as a highly sophisticated neocloud with rapid revenue growth and strong technical execution across global markets. - Nebius generated 582 million dollars in quarterly revenue, marking a 454 percent year-over-year increase. - The company raised its contracted power target from 4 gigawatts to 5 gigawatts by the end of 2026. - Nebius maintains a much cleaner balance sheet than CoreWeave with only 2 billion dollars in net debt and strong customer pre-funding. ![Screenshot at 14:02: A financial chart illustrating Nebius's quarterly revenue surging to 582 million dollars with a 454 percent year-over-year growth rate.](https://ss.rapidrecap.app/screens/f_BmT1yaSQY/00-14-02.jpg) ### #3, IREN IREN is a former Bitcoin miner that successfully pivoted its infrastructure into high-performance AI cloud computing. - IREN generated 70.5 million dollars in AI cloud services revenue during its fourth quarter, surpassing its Bitcoin mining revenues. - The company holds a 16.6 billion dollar backlog and targets a 4 billion dollar annualized run rate. - IREN operates with 1.9 billion dollars in net debt and offers the cheapest power capacity costs among the three competitors. ![Screenshot at 15:10: A financial statement showing IREN's AI cloud services revenue surpassing its Bitcoin mining revenue for the first time.](https://ss.rapidrecap.app/screens/f_BmT1yaSQY/00-15-10.jpg)