Microsoft’s capex shortfall drags down CoreWeave, Nebius shares
CoreWeave and other neocloud providers saw their stocks fall in extended trading after Microsoft reported quarterly capital expenditures of $45.2 billion, below the $50.7 billion average analyst estimate. The shortfall raises concerns about delays in infrastructure delivery for Microsoft’s AI investments, including its nearly $20 billion deal with Nebius for compute capacity through the 2030s.…
Key points
- CoreWeave and Nebius shares fell nearly **5%** after Microsoft’s earnings report, citing infrastructure delays
- Analysts warn **80%** of neocloud firms may vanish or be acquired by 2030, per Gartner’s prediction
The story so far
2 episodes →- Microsoft’s capex shortfall drags down CoreWeave, Nebius sharesthis story
CoreWeave and other neocloud stocks drop after Microsoft capex comes in below expectations
CNBC Technology · 28 October 2026
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