Shares in new cloud companies fell after Elon Musk previously said the firms will face major consolidation and shutdowns. Nebius (NIBS.O) fell 4.7%, CoreWeave (CRWV.O) dropped 4.0% and IREN (IREN.O) declined 2.8%.

2026-10-26

Shares in new cloud companies fell after Elon Musk previously said the firms will face major consolidation and shutdowns. Nebius (NIBS.O) fell 4.7%, CoreWeave (CRWV.O) dropped 4.0% and IREN (IREN.O) declined 2.8%.