The Kobeissi Letter|Nov 12, 2026 14:28
BREAKING: US neocloud stocks collapse after Jensen Huang resigns as CEO of Nvidia:
1. Nebius, NBIS: -21%
2. CoreWeave, CRWV: -14%
3. Roundhill Neocloud ETF, NEO: -13%
4. IREN, IREN: -9%
5. Cipher Digital, CIFR: -9%
6. Applied Digital, APLD: -8%
7. TeraWulf, WULF: -7%
8. Core Scientific, CORZ: -5%
Nasdaq 100 futures extend losses to -1.5% on the day.
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