Chip Stocks and Neoclouds Sell Off on Election Results

T1Covered by 1 source · first reported by The Information (teasers) at 04 Nov, 15:28 UTC

Stocks of neoclouds CoreWeave and Nebius both dropped on Wednesday morning, even as most tech stocks rose, a sign that investors interpreted Tuesday’s votes in favor of anti-data center candidates as particularly bad for newer cloud firms. In contrast, established cloud firms, Amazon, Microsoft ...