Nebius

CoreWeave Faces ‘Doom Cycle’ Questions as Neocloud Credit Risk Clouds Growth Story

CoreWeave and Nebius have each lost roughly half their market value over the past month, underscoring how quickly investor enthusiasm for neoclouds has given way to concern over financing, leverage and customer concentration. With earnings due this week, the market is now focused less on growth rates and more on whether these capital-intensive AI infrastructure firms can sustain expansion without triggering a credit-driven selloff.