Forget Nvidia. This Is the New King of AI

Couch Investor•Aug 12, 2026

Summary

Couch Investor presents a highly bullish thesis on the AI infrastructure market, dismissing concerns of a bubble by pointing to the tangible revenue growth and improving margins of key players. Couch Investor highlights that the recent earnings from specialized cloud providers show a significant acceleration in demand and a shift toward higher-premium, short-term contracts. Couch Investor also discusses the evolving financial landscape, where AI compute is becoming a new investable asset class.

Nvidia (NVDA): Couch Investor believes Nvidia is still attractively valued with a forward PE of 22.4 despite its massive market cap. Couch Investor emphasizes the importance of Nvidia's $500 billion partnership with firms like BlackRock and Apollo to finance AI factories. Couch Investor predicts that Nvidia will likely beat its upcoming revenue expectations by approximately 3%, continuing its streak of outperforming analyst estimates.

Nebus (Nebius): Couch Investor reports that Nebus saw revenue growth of 454% year-over-year and has achieved an annual recurring revenue (ARR) of $3 billion. Couch Investor notes that the company is successfully commanding premium pricing, moving from a base of $12 million per megawatt to between $40 and $50 million for short-term contracts. Couch Investor projects that Nebus could reach an ARR of $20 to $25 billion by 2027 as its power capacity expands to 1 GW annually.

Coreweave (Core Reef): Couch Investor highlights Coreweave's 112% year-over-year revenue growth and its massive $104 billion revenue backlog. Couch Investor states that the company is highly profitable with a 59% adjusted EBITDA margin and has successfully implemented a 25% price increase across its services. Couch Investor also notes Coreweave's aggressive expansion, including a new 360 megawatt footprint in the APAC region.

Mentioned Stocks

NVDA

Sentiment: BUYAction: RECOMMENDED

Reasoning: Couch Investor identifies Nvidia as the central player in the AI ecosystem with a reasonable forward PE of 22.4. Couch Investor highlights the $500 billion financing platform partnership as a major catalyst for long-term growth and expects a revenue beat of around 3% in the upcoming earnings report.

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COREWEAVE

Sentiment: BUYAction: RECOMMENDED

Reasoning: Couch Investor points to Coreweave's $104 billion backlog and 59% EBITDA margins as signs of extreme fundamental strength. Couch Investor also notes their 25% price increase and successful expansion into global markets like Indonesia as reasons for optimism.

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NEBUS

Sentiment: BUYAction: RECOMMENDED

Reasoning: Couch Investor is impressed by Nebus's 454% revenue growth and its ability to secure massive premiums for immediate-need workloads, reaching $40-$50 million per megawatt. Couch Investor predicts a potential run rate of $20-$25 billion ARR by mid-2027.

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