🇺🇸 UPDATE: AI cloud stocks are sinking before the US market opens after Jensen Huang quit as Nvidia CEO.
Nebius is down about 20% and CoreWeave about 14%. Both rent out Nvidia-powered computing, and Nvidia has invested in CoreWeave. Nebius was also hit by its own news: it said 2026 revenue will land at the low end of its forecast.
IREN fell about 8%. Nvidia is down over 10%, and Nasdaq 100 futures are lower.