Neocloud stocks fall as Elon Musk warns 200 AI infrastructure companies could collapse amid debt fears

Neocloud stocks fall as Elon Musk warns of AI company failures amid debt fears. (REUTERS/Evan Vucci/File Photo/File Photo) (REUTERS)

Shares of major neocloud companies fell on Monday after Elon Musk warned that more than 200 companies in the artificial intelligence (AI) infrastructure sector could collapse. The warning added to investor concerns about rising debt and the high cost of building AI data centres. Neocloud stocks fall as Elon Musk warns of AI company failures … Read more