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.