CoreWeave, neocloud stocks drop after Microsoft capex misses estimates

What happened: Neocloud provider stocks including CoreWeave and Nebius fell after Microsoft's capital spending came in below estimates. Key numbers: CoreWeave rose nearly 8% on Tuesday and rebounded 18% over the past three trading sessions after an earlier sharp decline. Why it matters: The miss raised concerns about delays in data center capacity expansion, while rising interest rates added worries that debt will be too costly for neocloud firms as lenders retreat. Coverage: 5 outlets in 24h

Neocloud provider stocks including CoreWeave and Nebius fell after Microsoft's capital spending came in below estimates.

The miss raised concerns about delays in data center capacity expansion, while rising interest rates added worries that debt will be too costly for neocloud firms as lenders retreat.