CoreWeave's sell-off is now feeding into how the market values OpenAI versus Anthropic, and that tells you the neocloud trade has become the read on AI capex. The company runs 51 AI data centers on $4

What happened: A CoreWeave sell-off pushed neocloud stocks lower, and the spread between OpenAI and Anthropic valuations is widening. Why it matters: The content links the neocloud decline to a growing valuation gap between the two AI leaders, indicating the sell-off is affecting how the two are valued relative to each other.

A CoreWeave sell-off pushed neocloud stocks lower, and the spread between OpenAI and Anthropic valuations is widening.

The content links the neocloud decline to a growing valuation gap between the two AI leaders, indicating the sell-off is affecting how the two are valued relative to each other.