Neoclouds AI Stocks
Neocloud AI stocks are GPU-first cloud providers built specifically to rent out AI compute, as opposed to the general-purpose hyperscale clouds. They buy accelerators in bulk, wrap them in data centers and power contracts, and lease capacity to AI companies, making them one of the most concentrated bets on AI demand.
Market Cap
$304.22B
AI-Exposed Cap
$227.02B
24h Change
-2.37%
7d Change
+7.32%
Stocks
22
Market data as of the close on . Prices are end of day, not live.
# | Name | Price | 24h | 7d | Market Cap | Volume (24h) | 7d Chart |
|---|---|---|---|---|---|---|---|
| 1 | N NBIS | $226.61 | -4.03% | +8.23% | $61.61B | $2.5B | |
| 2 | C CBRS | $205.24 | -3.38% | +7.75% | $48.76B | $752.7M | |
| 3 | C CRWV | $86.90 | +0.16% | +4.26% | $47.93B | $2.7B | |
| 4 | B BCE | $21.61 | -1.73% | -5.63% | $20.15B | $86.3M | |
| 5 | I IREN | $47.05 | -3.09% | +10.39% | $18.54B | $1.5B | |
| 6 | T TU | $8.50 | -2.07% | -6.39% | $15.79B | $48.5M | |
| 7 | G GLXY | $25.79 | -1.07% | +15.70% | $15.20B | $126.2M | |
| 8 | S SKM | $35.85 | +0.42% | +0.73% | $13.76B | $38.4M | |
| 9 | H HUT | $102.46 | -0.93% | +17.65% | $12.63B | $327.1M | |
| 10 | R RIOT | $24.69 | -0.96% | +21.33% | $9.27B | $412.5M | |
| 11 | A APLD | $27.23 | -4.59% | +11.64% | $7.74B | $371.5M | |
| 12 | C CIFR | $18.35 | -3.88% | +9.75% | $7.62B | $554.1M | |
| 13 | C CORZ | $18.10 | -1.42% | +12.84% | $5.82B | $164.7M | |
| 14 | M MARA | $13.35 | -2.05% | +20.92% | $5.16B | $498.9M | |
| 15 | B BTDR | $12.31 | -6.32% | +12.83% | $3.35B | $92.7M | |
| 16 | F FRMI | $4.82 | -6.23% | +1.05% | $3.09B | $64.9M | |
| 17 | W WULF | $16.35 | -5.65% | +6.24% | $2.80B | $501.6M | |
| 18 | K KEEL | $4.01 | -3.37% | +17.94% | $2.48B | $94.5M | |
| 19 | W WYFI | $19.05 | -4.08% | +13.26% | $1.05B | $18.4M | |
| 20 | H HIVE | $3.37 | -4.80% | +16.21% | $924.31M | $32.4M | |
| 21 | A AIBZ | $4.58 | -8.40% | +13.09% | $291.92M | $878.6K | |
| 22 | D DUOT | $8.98 | +1.35% | +10.59% | $282.62M | $2.4M |
Frequently asked questions
What is a neocloud?
A cloud provider whose business is renting AI compute, usually GPU capacity, rather than offering the full menu of general cloud services. Neoclouds grew because AI demand outran what hyperscalers could supply, and their contracts, capex, and power deals are among the clearest public signals of AI compute demand.
What are the main risks of neocloud stocks?
Concentration, on every axis: a few large customers, one asset class of hardware that depreciates quickly, heavy debt-funded capex, and no diversified business to fall back on if AI compute prices fall. They are among the highest-beta names in the universe, in both directions.
New to the framework? The Start Here guide walks the whole buildout layer by layer, including where Neoclouds fits.
Related reading
- Hyperscaler capex roundup: September 2026 · Seven AI builders spent $657B on capex over the last four quarters. The table, the 2026 guidance, what changed since the Q2 earnings round, and the power deals behind it.
- Neocloud stocks to watch: CRWV, NBIS, IREN, APLD · The four most-searched neocloud stocks read through the buildout tracker and the June 13F filings: who each one depends on, and what would change the picture.
- What are AI infrastructure stocks? The 12 layers, explained · AI infrastructure stocks are the companies paid to build AI compute: chips, memory, networking, data centers, cooling and power. The 12 layers and the catch.