NewsNewsDetails
After Musk said that over 200 neocloud companies are facing 'death similar to that of small fish', related stocks fell
CNBC
1h ago
Ai Focus
On Monday, the main neocloud stocks fell. Musk posted on X stating that over 200 companies in this industry could go bankrupt, and mentioned that the debt market has almost closed off financing channels for companies that do not have substantial revenue independent of AI data centers. Nebius, CoreWeave, and Iren all fell by more than 4% so far.
Helpful
No.Help

On Monday, the main neocloud stocks fell, following Elon Musk's statement that more than 200 companies in the industry might go bankrupt.

Nebius, CoreWeave, and Iren all fell by more than 4% in pre-market trading, putting further pressure on the industry. Investors were already concerned about whether the industry's debt-driven expansion and large-scale AI infrastructure construction would be profitable.

On Sunday, Musk posted on X, stating: "Over the past few weeks, the debt market has almost completely cut off any funding channels for companies that do not have a substantial amount of revenue from AI-independent data centers."

He added, "This means that more than 200 neocloud companies will face a fate similar to that of small fish, which is death and integration. Some companies will survive, but not many."

This is breaking news. Please check for updates later.

Tip
$0
Like
0
Save
0
Views 29
HKWDB reminds readers to view blockchain rationally, stay aware of risks, and beware of virtual token issuance and speculation. All content on this site represents market information or related viewpoints only and does not constitute any form of investment advice. If you find sensitive content, please click“Report”，and we will handle it promptly。
Submit
Comment 0
Hot
Latest
No comments yet. Be the first!
Related
Has Bitcoin risen after the mid-term elections in the United States? Historical data shows this.
Bitcoin is currently trading at around $80,148, with 9 days left until the U.S. mid-term elections on November 3rd. The article cites charts from Ash Crypto which show that Bitcoin fell by 71%, 64%, 51%, and 27% in 2010, 2014, 2018, and 2022, respectively, but it often saw even larger gains in the years that followed. The article also points out that this year, Bitcoin reached a low of around $57,718 on July 1st, which was earlier than the typical post-election lows seen in previous cycles.
Coinpedia
·2026-10-26 18:09:47
2
Brazilian stock market tumbles after Lula's unexpected re-election
After Brazilian President Luiz Inácio Lula da Silva unexpectedly won re-election on Sunday, the Brazilian stock market tumbled significantly. Investors are concerned about increased government spending, rising public debt, and economic uncertainty. Analysts warn that volatility may further intensify as the market awaits Lula's statements on his economic plan and fiscal policies.
Coinpaper
·2026-10-26 18:09:45
1
SurgeONE.ai releases Avery Actions, calling it the industry's first proxy-based AI for compliance, network security, and data operations
SurgeONE.ai launched Avery Actions at the NSCP National Conference, stating that it can perform specific tasks in compliance, network security, data, and AI governance operations, with output results reviewed by qualified experts. The company mentioned that the new version also includes additional features such as SMS archiving, monitoring of off-exchange communication applications, access to custodian data sources, and video marketing review. All operations will be recorded in a single inspection log.
PR Newswire
·2026-10-26 18:09:40
3
Piper Sandler recommends 9 stocks and 5 ETF; bet on "quality factor" trades that are less affected by the fluctuations of AI
As trading of AI fluctuates, Wall Street is turning to "quality factor" stocks. Piper Sandler released a guide to clients last week stating that quality stocks still have room for further appreciation, and listed 9 stocks with a market value of over $100 billion as well as 5 quality factor ETF stocks for investors to consider for this theme.
Businessinsider
·2026-10-26 17:57:44
8
How War, Security, and Alliance Arithmetic Shape Israel's Elections
Israeli voters will cast their ballots on Tuesday to elect a new government, in a general election that takes place following Hamas' attack on October 7, 2023, the Gaza War, and the joint military operations by the United States and Israel against Iran. Reports indicate that neither Netanyahu's ruling coalition nor the main opposition camps are able to secure 61 seats on their own in polls, meaning smaller parties may become decisive; issues such as security, conscription, the economic costs of war, as well as differences over Palestinian statehood, Iran, and policies regarding the West Bank, have become central themes of the campaign.
CNBC
·2026-10-26 17:57:43
7
View More
Latest from Author
Refresh
arrow
CEO, who posted photos of the "_Lake America_" hoodie, is no longer in office.
CEO, who posted photos of the "_Lake America_" hoodie, is no longer in office.
09-26 23:17   374peopleViews
Apple faces a $5.7 billion patent infringement ruling due to iPhone and Apple Watch tactile technologies
Apple faces a $5.7 billion patent infringement ruling due to iPhone and Apple Watch tactile technologies
09-26 23:06   361peopleViews
Hublot claims that its collaboration with Swatch Royal Pop has broken sales records, despite the sluggish luxury watch industry and tariff pressures
Hublot claims that its collaboration with Swatch Royal Pop has broken sales records, despite the sluggish luxury watch industry and tariff pressures
09-26 22:56   409peopleViews
Recommended