CRWV, NBIS, IREN, APLD Stocks Drop After Microsoft Capex Falls Short On Delayed Third-Party Capacity
In a Stocktwits poll, half of traders believe neocloud stocks have already hit bottom. Microsoft and Alphabet reported last quarter capital expenditures that fell short of analyst targets. “Some third-party capacity deliveries we expected in Q1 were delayed,” Microsoft CFO Amy Hood said. Bank of America disclosed that it held a 4.1% stake in IREN. … Read more