Shares of AI cloud providers Nebius and CoreWeave rose about 3% after Elon Musk called concerns about AI infrastructure overcapacity "ridiculous" during SpaceX's Q3 2026 earnings call. Musk emphasized strong demand for compute capacity, noting SpaceX is heavily sought after by major cloud users. This reversed Musk's earlier negative tone that had sparked a selloff in these stocks. Despite the rebound, Nebius and CoreWeave remain volatile, with financing and debt concerns still key risks. SpaceX's large planned capital expenditures support ongoing demand for AI cloud services, suggesting potential growth ahead.
Following Elon Musk's remarks on AI cloud capacity, Nebius and CoreWeave stocks show slight declines on Pluang despite the news, with Nebius down 0.94% at USD 169.84 and CoreWeave down 1.27% at USD 61.34 as of Oct 21, 2026 21:01 WIB. Oracle also trades lower by 1.85% at USD 128.67, while SpaceX shares rise 11.27% to USD 164.45, reflecting strong investor interest in the broader AI and cloud infrastructure sector.
Nebius' chief revenue officer revealed that AI computing prices are increasing beyond expectations, signaling strong demand for AI infrastructure. Despite investor concerns over debt and borrowing costs in neocloud companies like CoreWeave, Nebius ma...
Korean retail investors heavily oversubscribed the Kosdaq IPO of AI infrastructure firm Elice by over 400 times, showing massive demand. However, the stock fell 32% on its first trading day, dropping from its IPO price of 90,500 won to an intraday lo...
CoreWeave's stock fell 4% following HSBC's reiteration of a bearish rating due to concerns over the company's heavy reliance on debt financing and rising borrowing costs. Rival Nebius also dropped 5%, reflecting broader pressure on debt-funded AI clo...
Nebius (NBIS) is recommended as a 'Strong Buy' due to its cautious capital spending and stable growth, especially compared to CoreWeave's debt challenges. NBIS's capital expenditure plan is significantly smaller, supporting a healthier balance sheet ...
Nebius reported a 454% year-over-year revenue increase in Q2 and achieved $3 billion in annual recurring revenue, up 56% quarter-over-quarter. The company aims to reach 5GW operational capacity by 2030, supported by a strong neocloud market and a new...
