Nvidia-Backed Neoclouds Face a Test as IREN, CoreWeave and Nebius Stocks Slide

Nvidia-Backed Neoclouds Face a Test as IREN, CoreWeave and Nebius Stocks Slide

By Crispus Nyaga
Publication Date: 2026-10-10 18:20:00

Top Nvidia-backed neocloud companies like IREN, CoreWeave and Nebius are facing a major rest as they remain in a bear market.