[DEVELOPING] Neocloud names CoreWeave, Nebius and IREN trade lower as AI-infrastructure funding scrutiny returns
CoreWeave, Nebius and IREN all traded lower on 2026-08-06 on renewed questions about competition and the funding profile of rented-compute buildouts. Nebius slipped below $200 after failing at $230 resistance, with capex plans reported at $20-25B against negative cash flow, and reports Q2 on 2026-08-12. The complex is the clearest live test of whether compute-as-a-rentable-asset is priced as growth or as leverage.