ðŸ‡ðŸ‡° Chinese, 26 October 2026, market downturn
Cloud Computing Stocks Plummet Ahead of US Market Open
Cloud computing service provider stocks plummet ahead of the US market open, with NEBIUS, IREN Ltd, CoreWeave, Hut 8, and Riot Platforms falling over 3%.
Elon Musk has sounded a warning that over 200 professional cloud computing providers are expected to face a wave of mass bankruptcies and consolidations due to tightening credit markets.
This has led to a collective decline in cloud computing service provider stocks ahead of the US market open, with NEBIUS, IREN Ltd, CoreWeave, Hut 8, and Riot Platforms falling over 3%.