Neoclouds are seeing massive hyperscaler demand as companies race to scale AI infrastructure, resulting in rapid revenue and backlog growth. Leaders like CoreWeave and Nebius enable this through access to the latest Nvidia GPU’s while also optimizing compute utilization.  However, the bearish argument behind hyperscaler demand lies in their desire to offload their capex spending and shift costs to the operating expense line. CoreWeave’s and Nebius’ growth is far from profitable, as they seek to ...