CoreWeave reports quarterly results Tuesday and Nebius follows Thursday, as both AI infrastructure firms face investor scrutiny over debt-funded expansion. Yields on some CoreWeave bonds maturing in 2031 rose above 16% after a sharp selloff hit neocloud stocks and major chipmakers including Nvidia, AMD and Micron. CEO Mike Intrator said on LinkedIn that he does not expect political shifts, including recent election results that saw voters reject most local data center ballot measures, to affect existing customer commitments.
cnbc.com
· 2026-11-09
Neocloud companies like CoreWeave and Nebius, which lease computing capacity to AI developers such as Anthropic, OpenAI and Meta, have become a focal point of investor anxiety over the AI sector's financial health. Gartner projects 80% of neocloud firms will stop operating independently by 2030, while Forrester expects at least three to be acquired soon as their finances weaken. Treasury Secretary Scott Bessent pushed back on the concerns, telling CNBC that neoclouds are only a small, external part of the broader economy.
bbc.co.uk
· 2026-11-01
Microsoft spent $45.2 billion on capital expenditures in the September quarter, below the $51.7 billion Wall Street expected, and trimmed its calendar 2026 spending forecast from $175 billion to $170 billion. CFO Amy Hood attributed the shortfall to delayed capacity deliveries from third-party partners rather than a pullback, with spending expected to accelerate once those facilities come online later in the fiscal year.
techspot.com
· 2026-10-29
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.
cnbc.com
· 2026-10-28
Elon Musk said on X that more than 200 'neocloud' companies could face mass failure and consolidation, citing tightening debt markets that now favor firms with revenue beyond AI data centers. Shares of Nebius, CoreWeave and Iren fell more than 4% in premarket trading Monday before paring losses. Musk's comments came in response to a post from Social Capital founder Chamath Palihapitiya, who warned of stranded, underutilized compute capacity emerging by 2027.
cnbc.com
· 2026-10-26
At Nvidia's GTC conference in Berlin, CEO Jensen Huang met European leaders including Andy Burnham, Emmanuel Macron and Friedrich Merz while unveiling new products, even as public neocloud stocks tumbled — CoreWeave fell 10% and Nebius dropped 7% that day. Huang told CNBC demand for neoclouds remains strong, while attendees at the event voiced concern about debt-heavy AI infrastructure firms lacking credit ratings.
cnbc.com
· 2026-10-23
Nebius chief revenue officer Marc Boroditsky told CNBC that prices per megawatt of AI computing capacity are rising faster than expected, citing a Tuesday capacity auction as evidence. He said Nebius's 2027 capacity would sell out and a similar dynamic could occur in 2028, and argued Nebius isn't exposed to the debt concerns that hit rival CoreWeave. Crusoe CEO Chase Lochmiller separately said he's also seeing rising prices for Nvidia GPUs, including older chips.
cnbc.com
· 2026-10-21
New Jersey regulators fined the DataOne data center in Vineland $1.07 million after inspectors found 62 unpermitted portable generators running at the site in late July, giving the operator 45 days to shut them down or seek proper permits. The facility, which supplies compute for Nebius under a $33 billion deal with Microsoft, has drawn prior resident complaints over an unpermitted LNG tank, noise, and lack of public consultation.
tomshardware.com
· 2026-09-25
John Perkins was removed from the Independence City Council after 68.05% of voters backed his recall in a special election tied to his support for roughly $6 billion in tax incentives for a Nebius data center. He is the third official connected to the March council vote to lose his seat, following losses by a fellow councilman and a mayoral candidate. Only about 11.5% of Jackson County's registered voters cast ballots in the recall.
tomshardware.com
· 2026-09-03
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