Why are Nvidia-backed CoreWeave, Nebius, and IREN stocks plunging?

Impact · against what's priced in

The neocloud sector is facing a significant valuation correction as rising input costs and new competition from Meta and SpaceX challenge the scalability of specialized AI providers. While high demand persists, the surge in short interest and sharp price drops indicate a fundamental shift in investor sentiment regarding the risk profiles of these infrastructure plays.

MARA−0.80

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