Shares of Nebius, CoreWeave and Iren fell more than 4% in premarket trading on Monday following Elon Musk’s warnings about the sector’s future. Musk said debt markets had almost entirely shut off access to funding for companies without substantial revenue outside AI data center operations. He claimed more than 200 companies in the sector would face failure or consolidation, while investors are already concerned about debt-fueled expansion and returns on large-scale AI infrastructure.
Source: Read the original article
Disclaimer: this content is for information purposes only and is not financial advice. Cryptocurrencies are highly volatile: you may lose all of your capital. Always do your own research. Legal notice
