CoreWeave and other neocloud stocks drop after Microsoft capex comes in below expectations
Summary
CoreWeave, Nebius and IREN saw their shares decline following the latest financial report from Microsoft. The lower capital expenditure figure suggests that infrastructure partners are taking more time to deliver capacity.
Shares of CoreWeave, Nebius and IREN fell as Microsoft's lower-than-expected capex figure points to infrastructure partners taking longer to deliver capacity.
Source: Read the full story at US Top News and Analysis
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