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Update
What changedCNBC reports that Nebius, CoreWeave and Iren each fell more than 4% in early premarket trading on Monday after Elon Musk warned that more than 200 neocloud companies could face collapse or consolidation.
The losses later eased: CNBC put Nebius roughly flat, with CoreWeave and Iren down around 2%. That makes the market reaction less dramatic than the opening move, but gives a clearer snapshot of how investors responded as trading progressed.
Musk’s forecast remains a prediction, not evidence that those companies are headed for failure. The figures are CNBC’s account of Monday’s trading, and the retreat from the early lows matters when weighing the warning against the market’s actual response.
Sources and evidence- Neocloud stocks fall as Elon Musk says more than 200 of them face 'guppy-level death' – CNBC: CNBC reports that three neocloud stocks initially fell more than 4% after Musk’s warning, then pared most of those losses, with Nebius roughly flat and CoreWeave and Iren down around 2%.
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