Top 3 AI Stocks I'm Buying Now (Even Over NVIDIA Stock)

Ticker Symbol: YOU•Mar 6, 2026

Summary

Alex's main thesis is that traditional cloud providers like AWS and Google Cloud are built for CPU-based workloads, leaving a massive opportunity for 'neo clouds' that utilize GPU-dense infrastructure optimized specifically for AI training and inference. He expects the global neo cloud market to grow 30-fold over the next eight years. While recent earnings reports for these companies showed misses and heavy spending, Alex views this as a strategic 'race against the clock' to secure land, power, and chips before competitors. He believes the current drawdowns in stock prices offer significant long-term opportunities for investors willing to endure high volatility.

Alex highlights three specific stocks:

**CoreWeave:** As the leader in the space, CoreWeave has 43 data centers and a massive $66.8 billion revenue backlog with major customers like OpenAI and Meta. Alex notes the stock is currently trading around $75, which is notably cheaper than the $87.20 per share price Nvidia recently paid in a $2 billion investment. He views current shareholder lawsuits as 'noise' and emphasizes that the company's five-year contract averages provide incredible revenue visibility.

**Nebius:** This company focuses on sovereign AI and regulated industries like healthcare and finance, operating with a business model Alex compares to Palantir. They have secured roughly $20 billion in contracts with Microsoft and Meta, effectively selling out their capacity through early 2026. Alex also sees extra upside from their acquisitions in autonomous vehicles and agentic search tools.

**IREN:** Formerly focused on Bitcoin mining, IREN is pivoting to AI and now possesses 4.5 gigawatts of secured, grid-connected power. Alex identifies this as the highest-risk, highest-reward play because they have the most power secured while having the smallest market cap of the three. Despite concerns over a $6 billion equity program that could dilute shares by 42%, Alex believes their pivot is being executed successfully with plans to hit $3.7 billion in annualized revenue by the end of 2026.

Mentioned Stocks

COREWEAVE

Sentiment: BUYAction: BOUGHT

Reasoning: Alex states he is a shareholder and is dollar-cost averaging into the stock. He highlights their $67B backlog and Nvidia's $2B investment at $87.20 per share, noting the current $75 price is a bargain. He dismisses legal issues as typical for post-IPO volatility.

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NBIS

Sentiment: BUYAction: BOUGHT

Reasoning: Alex is dollar-cost averaging into Nebius. He likes their focus on sovereign AI for regulated industries and their $20B in contracts with Microsoft and Meta. He also sees high upside in their autonomous vehicle and agentic search acquisitions.

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IREN

Sentiment: BUYAction: BOUGHT

Reasoning: Alex considers IREN the highest risk/reward play and is currently dollar-cost averaging. He values their 4.5GW of secured power as a major asset and believes they are successfully pivoting from Bitcoin to AI, targeting $3.7B in ARR by late 2026.

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