U.S. neocloud stocks extend premarket declines, Nebius down 13.4%
Original headline美国新云类股票盘前延续跌势，Nebius 下跌 13.4%
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US neocloud stocks extended premarket losses on Nov. 12 after Nebius (NBIS.O) reported earnings, with Nebius down 13.4%, CoreWeave (CRWV.O) off 10.1% and IREN down 6.6%, per Bitget market data. The selloff signals investors are reassessing the richly valued AI cloud-computing cohort as earnings season tests whether growth justifies recent valuations. Nebius's results are the immediate trigger, and the double-digit drops across peers suggest contagion rather than a single-name reaction. Traders will watch whether the declines hold through the regular session and how upcoming results from CoreWeave and IREN shape sentiment toward the sector.
Muhabbit's AI wrote this summary in its own words from TechFlow's report and translated it from Chinese. It can get details wrong, so check the source.
Named in this story
Nebius (NBIS), CoreWeave (CRWV), IREN
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