GoKawiilCoreWeave, Nebius shares fall after Microsoft, Alphabet capex miss estimates
Microsoft reported $45.2 billion in quarterly capex and finance leases, below the $50.7 billion analysts expected, while Alphabet's capex of $51.36 billion also fell short of the $55.09 billion forecast. Shares of neocloud firms CoreWeave and Nebius dropped nearly 5% and IREN fell about 3% in extended trading following the reports.
GoKawiil's interpretation of the reporting above, not reported fact.
The capex shortfalls suggest major cloud providers may be slowing the pace of data center buildout even as demand for AI infrastructure grows, which could squeeze revenue for neocloud suppliers that depend on big tech contracts. The drops come amid broader investor unease about neocloud debt financing, with Elon Musk predicting on X that over 200 such companies could collapse and Gartner analysts forecasting that 80% may struggle by 2030.
- Microsoft's $45.2B capex missed the $50.7B analyst estimate despite 30% year-over-year growth.
- Alphabet's capex of $51.36B also fell short of the $55.09B forecast.
- Neocloud stocks CoreWeave, Nebius and IREN fell sharply, reflecting investor concern over AI infrastructure financing and demand timing.
Source: cnbc.com — Isabel O'Brien, 2026-10-28
Published there as: “CoreWeave and other neocloud stocks drop after Microsoft capex comes in below expectations”
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