The Zhitong Finance App learned that on Monday, US stocks plummeted at the beginning of the Xinyun concept market. Nebius (NBIS.US) once fell more than 5%, while CoreWeave (CRWV.US) and Iren (IREN.US) fell more than 4%. As of press release, the decline had narrowed. According to the news, Musk posted an article on the X platform on Sunday, bluntly saying that more than 200 Neocloud companies will face “death and integration at the level of small fish.” This statement further deepens the market's doubts about whether the sector's debt-driven expansion will continue.

The Zhitong Finance App learned that on Monday, US stocks plummeted at the beginning of the Xinyun concept market. Nebius (NBIS.US) once fell more than 5%, while CoreWeave (CRWV.US) and Iren (IREN.US) fell more than 4%. As of press release, the decline had narrowed. According to the news, Musk posted an article on the X platform on Sunday, bluntly saying that more than 200 Neocloud companies will face “death and integration at the level of small fish.” This statement further deepens the market's doubts about whether the sector's debt-driven expansion will continue.