product2 distinct publishers
Three neoclouds, one pattern: revenue up, losses up, capex far ahead of both
CoreWeave, Nebius and Cerebras all grew fast and lost more money in Q2 2026. The spending curves say capacity is still being contracted ahead of the demand it serves.
Reality
- Evidence79
- Adoption82
- Hype gap+14
- Incentives74
- Confidence75