No. of Recommendations: 4
Elon Musk says more than 200 neoclouds face ‘guppy-level death’
Elon Musk said that more than 200 neocloud companies could collapse, sending shares in those companies whipsawing.
Nebius, Iren and CoreWeave all fell in early trading, adding pressure to a sector already facing investor concerns about debt-fueled expansion and whether the large AI infrastructure buildout will generate returns. The stocks all rebounded later in the day.
Musk has always been an unabashed stock price manipulator. These are his competitors and he's trying to knock them down.
