AICNBC Techabout 1 hour ago
Neocloud Stocks Drop After Microsoft Capex Miss
2 min read
Shares of neoclouds CoreWeave and Nebius dropped nearly 5% after Microsoft reported $45.2 billion in capital expenditures, missing the $50.7 billion analyst estimate. While Azure revenue jumped 48%, the shortfall signals potential debt issues for AI infrastructure partners like IREN and CoreWeave, whose stocks also fell.
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