Business

Tech Stocks Plunge Amid Microsoft Capex Concerns

Updated 2026-10-29 00:50 UTC 1 source Negative

CoreWeave and other neocloud stocks have seen a significant drop following Microsoft's lower-than-expected capital expenditure figures, signaling potential challenges for infrastructure partners.

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

Shares of CoreWeave, Nebius and IREN fell as Microsoft's lower-than-expected capex figure points to infrastructure partners taking longer to deliver capacity.

2026-10-29 00:16 UTC