Both AI cloud firms just reported, and both gave investors plenty to cheer. 

CoreWeave’s (CRWV) stock rose 19.28% on the back of a strong quarter. This wasn’t going to be easy to top. A day later, though, Nebius (NBIS) reported an even more extraordinary performance, and the stock jumped 34.14%. Great showings all around. But if you can only own one, Nebius is the better pick. This quarter only makes that case more compelling. 

Nebius led with revenue of $582.3 million, skyrocketing 454% from a year ago and well ahead of estimates. The bigger story is profitability. Adjusted EBITDA went from a $21 million loss for the same period last year to a $236.2 million profit this time….