The Neocloud Trade Could Turn Shareholders Into Bagholders. Nebius Just Cratered 17%
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The post The Neocloud Trade Could Turn Shareholders Into Bagholders. Nebius Just Cratered 17% appeared first on 24/7 Wall St..
Shares of Nebius Group (NASDAQ:NBIS) closed down 17% Wednesday. The move cracks a narrative that just weeks ago had retail investors trading millionaire screenshots on Reddit. The neocloud trade, the idea that AI-first cloud upstarts can borrow their way to hyperscaler status, is running into the arithmetic of how much debt these companies actually owe. Nebius alone now
Shares of Nebius Group (NASDAQ:NBIS) closed down 17% Wednesday. The move cracks a narrative that just weeks ago had retail investors trading millionaire screenshots on Reddit. The neocloud trade, the idea that AI-first cloud upstarts can borrow their way to hyperscaler status, is running into the arithmetic of how much debt these companies actually owe. Nebius alone now
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