Elon Musk Warns 200 AI Infrastructure Firms May Collapse Amid Debt Fears
Shares of major neocloud companies like Nebius, CoreWeave, and Iren fell between 2% and 4% after Elon Musk warned that over 200 AI infrastructure firms could collapse due to rising debt and high costs of building AI data centers. Musk highlighted that debt financing has nearly dried up for companies lacking significant revenue outside AI data centers, predicting many will fail or consolidate.
HT World·

