CoreWeave and other neocloud stocks drop after Microsoft capex comes in below expectations

CoreWeave, Nebius, and IREN share prices fell following Microsoft's report of capital expenditure below analyst expectations. Microsoft's lower capex figure suggests infrastructure partners are taking longer to deliver data center capacity. The three companies provide cloud infrastructure and AI computing services to major technology firms.

• CNBC Tech — CoreWeave and other neocloud stocks drop after Microsoft capex comes in below expectations

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