IREN's stock fell 6% before recovering slightly after its co-CEO reassured investors that the company has no debt on its data centers and that customer prepayments cover much of its GPU costs. This comes amid analyst warnings that many specialized AI cloud providers, or 'neoclouds,' may not survive the decade due to heavy upfront costs and uncertain AI returns. IREN owns its data centers and finances expansion through customer prepayments and lender capital, making timely delivery of new capacity crucial to proving demand and financial stability. Investors are advised to remain cautious until the neocloud financing debate clarifies.
TeraWulf shares rose 3.23% to USD 12.45 on Pluang as of Oct 20, 2026 21:51 WIB, showing strong investor interest. Applied Digital also gained 3.53%, trading at USD 19.93 with a market cap of $5.82B. Both stocks have seen more buying than selling on Pluang, reflecting positive momentum in the AI cloud sector despite neocloud concerns.
AI infrastructure stocks are recovering after a recent selloff, led by power-backed data center companies. Applied Digital shares rose 8%, while TeraWulf and IREN increased by around 6%. The rebound follows concerns over financing that had pressured ...
Applied Digital's stock fell 4% following JPMorgan's downgrade of its bonds due to concerns over increasing debt from funding new AI data centers. Despite strong quarterly revenue growth and long-term contracts worth $36 billion, investors worry abou...
