Shares of Ciena, Dell Technologies and CoreWeave fell 10% or more in mid-week trading after US inflation data showed the CPI rising 0.6% month-on-month and 3.7% over 12 months, led by a 9.1% jump in gasoline. Ciena closed down 10.19% below $360, Dell fell 11.27% after Barclays downgraded it to equal weight, and CoreWeave dropped 15.46%, while Nebius lost 10%. Server makers HP Inc., HPE and Super Micro Computer also declined. The article attributes the selloff to investor wariness of downstream AI suppliers amid worries that data-centre build-out is lagging compute demand. Gartner predicted that 80% of “neoclouds” will not operate independently by 2030, assuming spending continues at its current pace.
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