The neocloud stock rout continues as Elon Musk warns of 'guppy-level death'

Source: Business Insider

Elon Musk said that many neocloud companies face "guppy-level death. "Bloomberg/Getty ImagesShares in neocloud companies are falling over concerns about their levels of debtCoreWeave and Nebius, two major public neoclouds, have seen their stocks drop sharply in recent weeks. On Sunday, Elon Musk questioned the sector, saying that "some will make it through, but not many.