Neocloud stocks fall after Musk predicts 'guppy-level death' for 200+ firms

Nebius, CoreWeave and Iren each dropped more than 4% in premarket trading Monday after Elon Musk said over 200 neoclouds face "guppy-level death and consolidation." Musk wrote on X that debt markets have nearly shut off funding for companies without revenue independent of AI data centers.

• Nebius, CoreWeave and Iren fell more than 4% in premarket trading
• Musk: 200+ neoclouds face "guppy-level death and consolidation"
• Debt markets nearly closed to firms without non-AI-datacenter revenue