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CoreWeaveNVDAartificial intelligencecloud computingcrypto
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Related tickers and likely impact
NVDA
▼ Likely negativeNvidia
Relevance: medium
| Market | US stocks |
|---|---|
| Sector | Information Technology |
| Industry | Semiconductors |
| Market cap | $5.1T |
| Close on 10/23/2026 | 211.00 |
| Change that session | -0.57% |
QQQ
• NeutralInvesco QQQ Trust
Relevance: low
| Market | US stocks |
|---|---|
| Sector | ETF |
| Close on 10/23/2026 | 704.39 |
| Change that session | -0.01% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
Related news
- What Is a Neocloud? The GPU Clouds Powering the AI Boom
Neoclouds are specialist cloud providers, such as CoreWeave and Nebius, that rent clusters of Nvidia GPUs to AI labs, startups and Big Tech firms. Many have crypto roots: CoreWeave began as an Ethereum miner, and Bitcoin miners have signed AI hosting deals worth billions with Microsoft, Amazon and Anthropic. The model depends on chips, power and capital, and its weak point is depreciation: in the second quarter of 2026, CoreWeave reported nearly $1.4 billion of depreciation and amortization against about $2.6 billion of revenue. Neocloud shares sold off in October 2026 after Gartner predicted that more than 80% of providers will stop operating independently by 2030.
- Neocloud stocks fall as Elon Musk says more than 200 of them face 'guppy-level death'
Shares of Nebius, CoreWeave and Iren fell more than 4% in premarket trading after Elon Musk said on X that more than 200 companies in the sector could collapse. Musk said debt markets have almost entirely shut off funding for firms without substantial revenue independent of AI data centers, and that the 200+ neoclouds face "guppy-level death and consolidation." He was replying to Chamath Palihapitiya, who warned of partially stranded compute in 2027. Over the past month, CoreWeave and Nebius have fallen more than 30% and Iren has tanked 40%, after the spread on CoreWeave's five-year credit default swaps reached levels generally viewed as signs of distress.
- Elon Musk Says 200+ AI Cloud Firms Face Wipeout: Will CoreWeave Survive?
- CRWV Stock Warning: Why Bernstein Says CoreWeave Shares Haven’t Bottomed Out Yet
- How CoreWeave and the Neocloud Stocks Became AI’s Battleground
- CRWV, NBIS, NVDA Jump Overnight: Musk Says SpaceX Could Rent Compute ‘Several Times Over,’ Analyst Dismisses Glut Fears
CoreWeave (CRWV) rose 5% and Nebius (NBIS) climbed 6% overnight, while Nvidia (NVDA) gained 2% and Intel (INTC) 4%, after Elon Musk said SpaceX could rent out its compute “several times over” amid strong demand from hyperscalers and smaller firms. Deepwater's Gene Munster said SpaceX's Super Intelligence segment beat expectations by 17%, generating $7.6 billion in Q3 revenue, while ARK's Brett Winton said renewal prices on the same chips are rising year over year. SpaceX ended September with 1.7 gigawatts of nameplate compute capacity and expects 2.5 to 3 GW by year-end, and Musk said he would be surprised if it brought on less than 13 GW by the end of 2027. The company spent $19.6 billion on capital expenditure in Q3, and Dan Niles said its Q1 revenue and Q4 capex forecasts sit well above consensus.
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Latest news
- A $68 million bitcoin bet is targeting a post-midterm election breakout to $90,000
A single wallet bought 800 call contracts on bitcoin with a $90,000 strike expiring November 6 on the decentralized platform Derive, worth about $68 million in face value and the largest open bitcoin position on the exchange. The wallet financed the purchase by selling 400 calls at $100,000 expiring March 2027 and 400 calls at $90,000 expiring October 30, netting about $940,000. Derive's market-implied chance of bitcoin exceeding $100,000 by Christmas rose from 9.7% to 12%, while the implied chance of falling below $70,000 dropped from 15.6% to 11%. Bitcoin was trading near $80,000, roughly flat. Derive remains much smaller than the centralized Deribit, which handles several billions of dollars in volume and open interest every day.
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Chevron (CVX) reports third-quarter results on October 30, with shares up 57.27% year to date and analysts forecasting a steep earnings rebound from a weak year-ago quarter. Last quarter, adjusted EPS of $6.06 marked its seventh straight consensus beat, revenue rose 51.4% to $67.20 billion as Brent averaged $104 a barrel, and free cash flow reached $18.10 billion. Downstream posted $4.87 billion versus $737 million a year earlier, and key items to watch include refining margins, Tengizchevroil output that depends on the CPC pipeline, and the 2.67-gigawatt power deal with Microsoft. Analysts' third-quarter EPS estimate rose from $4.0094 to $4.8878 over 90 days, and the stock trades at about 13x full-year consensus EPS. The article notes that after a 45.56% first-quarter beat, shares fell 4.73% within a week, suggesting that cash flow durability once oil prices cool may determine the stock's next move.
- Here Are Monday’s Top Wall Street Analyst Research Calls: Block, Boise Cascade, Equifax, FirstEnergy, Lockheed Martin, Lumentum Holdings, NetApp, Roper Technologies, Spotify, Technology, and More
On Friday, all major US indices closed lower: the Dow Jones fell 1.24% to 52,214, the S&P 500 fell 0.52% to 7,622, the Nasdaq slipped 0.21% to 25,955 and the Russell 2000 dropped 0.20% to 2,778, with 176 S&P 500 companies expected to report this week. Treasury yields rose, with the 30-year at 5.33% and the 10-year near 5%, and the article says another 25-basis-point hike will probably come before year-end. Brent closed at $116, up 3.05%, and WTI at $103, up 3.74%, while natural gas fell 6.01% to $2.63. Gold closed at $3,993, down 0.76% and below $4,000 for the first time since July, while total crypto market cap hovered around $2.8 trillion, bitcoin held the $81,000 level and Ethereum was quoted at $2,327. Among analyst moves, Morgan Stanley upgraded Lockheed Martin to Overweight with an $835 target, JPMorgan raised Roper Technologies to Neutral and lifted its target to $490 from $415, and Barclays upgraded Tesla to Overweight with a $450 target.
- Ho Chi Minh City targets US$19 billion in FDI, welcoming new investment wave
Ho Chi Minh City aims to attract US$19 billion in FDI in 2026, prioritising finance, technology, digital transformation, green economy and innovation, as outlined at the CEO 500 programme on 26 October within AEF 2026. Mr Nguyen Cong Vinh, Vice Chairman of the City People's Committee, said investment decisions now depend on the connectivity of the entire ecosystem, including technology, infrastructure, energy, human resources and finance. Mr Nguyen Huu Huan of VIFC-HCMC said six priority sectors are AI and digital infrastructure, semiconductors and automation, blockchain and digital finance, biotech and green technology, quantum security and cryptography, and knowledge services, R&D, product design and regional headquarters. Representatives of Pacifico Energy and Arup stressed synchronised planning of energy infrastructure and transport, while Marc Knapper of KGA proposed trade finance, risk hedging and green bond services.
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Apollo Global Management is finalizing a deal to buy nearly a 10% stake in Mubadala Capital, the alternative asset manager subsidiary of Abu Dhabi's sovereign wealth fund Mubadala Investment Company, according to people familiar with the matter. The deal is expected to be announced Monday morning, with financial terms not yet known, and builds on Apollo's 15 years of relationships in Abu Dhabi and its existing partnership with Mubadala Investment Company, including a $2.5 billion private credit joint venture formed in 2023. Mubadala Capital advises and administers over $755 billion in assets, and its alternatives business has grown to more than $60 billion. The article describes the deal as a sign of Apollo investing directly in Abu Dhabi, reversing the usual flow of capital from the Middle East. Spokespersons for both firms declined to comment.
- Aviva Investors launches tokenized share class of $29B Sterling fund on XRP Ledger
Aviva Investors, the asset management arm of UK insurer Aviva, has launched a tokenized share class of its Sterling (GBP) Liquidity Fund on the XRP Ledger (XRPL), according to a joint announcement with Ripple. The fund, Aviva's largest with about 22 billion British pounds ($29.4 billion) in assets under management, can now be invested in in tokenized form. It is Aviva's second tokenized fund on XRPL, following the earlier expansion of its USD Liquidity Fund in July, and about 86 million pounds is now invested across its two tokenized share classes, including 50 million pounds in the new class. According to RWA.xyz, the XRP Ledger ranks ninth among blockchains for tokenized real-world assets, with $642 million in distributed value and about 2,900 unique holders.
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