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Neocloud Shares Fall on Musk Warnings

Neocloud company shares declined following warnings from Elon Musk regarding sector consolidation and high debt risks. Investors remain concerned over heavy AI infrastructure spending and rising capital costs.

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FILE PHOTO: CoreWeave logo is seen in this illustration taken July 20, 2026. REUTERS/Dado Ruvic/Illustration/File Photo

Neocloud shares fell on Monday after SpaceX CEO Elon Musk warned that the sector faces widespread consolidation and failures. The remarks highlight a growing divide between AI infrastructure spending and cash generation.
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