Changes in US stocks | AI cloud computing service provider continues to decline Nebius (NBIS.US) falls by more than 7%

The Zhitong Finance App learned that on Friday, AI cloud computing service providers continued to decline, with Nebius (NBIS.US) and CoreWeave (CRWV.US) falling more than 7%, and Oracle (ORCL.US) falling more than 4%. According to the news, the AI investment sector continues to be negative, and Amazon continues to maintain high AI capital expenses, causing market concerns; Intel gave guidance that fell short of market expectations. The company expected fourth-quarter revenue of 15 billion to 16 billion US dollars, with adjusted earnings of 25 cents per share, which was far below expectations. After the results, the stock price fell sharply, with an intraday decline of more than 30% at one point, and the company's market value evaporated by more than 137 billion US dollars. Market concerns about the costs of the AI boom have further intensified.

At the same time, large technology companies are undergoing a broader shift in how they finance expenses, and huge data center investments have turned companies that were once less indebted into major borrowers. Both Alphabet and Meta had net cash outflows in the September quarter. Microsoft is the only company in the camp that hasn't burned money, but it also launched a $25 billion bond issue on Thursday. Tech giants are still able to maintain this level of spending, but investors have become more cautious about smaller AI cloud companies that are heavily indebted to meet large backlogs of orders.