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

Source: press CNBC•

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

CoreWeave Inc. signage in Times Square in New York, US, on Friday, May 9, 2025. Shares of neoclouds like CoreWeave and Nebius dropped in extended trading as Microsoft’s lower-than-expected capital expenditures figure points to infrastructure partners taking longer to deliver data center capacity.

CoreWeave Inc. signage in Times Square in New York, US, on Friday, May 9, 2025.

Shares of neoclouds like CoreWeave and Nebius dropped in extended trading as Microsoft’s lower-than-expected capital expenditures figure points to infrastructure partners taking longer to deliver data center capacity.

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