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CoreWeave Drops 5% as Musk Warns of Neocloud ‘Guppy-Level Death'; IREN Slides 3%, Nebius Slips 2%

Source: 247wallst.com

Artificial IntelligenceTechnology & InnovationMarket Technicals & Flows
CoreWeave Drops 5% as Musk Warns of Neocloud ‘Guppy-Level Death'; IREN Slides 3%, Nebius Slips 2%

SpaceX founder Elon Musk issued a blunt warning to companies that rent out AI computing power, triggering selling concentrated in a narrow segment of the market. The article provides no figures on the scale of the selling or identifies affected companies.

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