Updated

Neocloud providers CoreWeave and Nebius have each lost roughly half their value over the past month, according to CNBC. The decline has been attributed in coverage to concerns about credit risk across the neocloud sector, which the report says is overshadowing the companies' growth. Both companies are scheduled to report earnings this week. CNBC characterized the selloff as a "doom cycle" narrative for the sector. The coverage did not give specific figures for the companies' debt or earnings expectations.