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.
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CoreWeavecloud computingartificial intelligencedata centerscrypto
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Related tickers and likely impact
NVDA
• NeutralNvidia
Relevance: low
| Market | US stocks |
|---|---|
| Sector | Information Technology |
| Industry | Semiconductors |
| Market cap | $5.2T |
| Close on 10/21/2026 | 221.97 |
| Change that session | +2.54% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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