Why are CoreWeave and Nebius stocks rising 4% on Tuesday?
Neocloud stocks CoreWeave CRWV and Nebius rose about 4% in premarket trading on Tuesday as investors likely bought the dip following a sharp selloff driven by concerns over borrowing costs and the sustainability of debt-funded artificial intelligence infrastructure spending. Meanwhile, French news outlet L’Informé reported on Monday that Nebius had raised 250 million euros (about $279.3 million) for its data centre project near Lille in northern France. Both stocks have fallen about 7% over the previous five trading sessions and roughly 35% over the...