Business

Neocloud stocks fall as Elon Musk says more than 200 of them face 'guppy-level death'

CNBC·Oct 26, 2026 · 3:42 AM CT
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Neocloud stocks including Nebius, CoreWeave and Iren fell more than 4% in premarket trading Monday after Elon Musk posted that debt markets have nearly shut off for companies without revenue outside AI data centers. Musk said the 200-plus neoclouds face "guppy-level death and consolidation," adding to investor worries about the debt-fueled AI buildout.

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