The Fallout From the ‘Neocloud’ Wipeout

Andrew here. There is a lot to think about on Thursday. Renewed jitters over the data center buildout are battering artificial intelligence stocks. Speaking of A.I., Lauren Hirsch and Sri Muppidi have financial figures from Anthropic’s closed-door pre-I.P.O. meeting with prospective investors.

Meanwhile, Mayor Zohran Mamdani of New York, whom I’m interviewing at the DealBook Summit next month, just struck a fascinating deal with N.Y.U. for royalty stakes in a new quantum lab. Also read an opinion essay by Larry Fink of BlackRock on the global race for capital.

Finally, take a look below at fresh details of what we’ve got planned for the summit.

Why investors are worried about CoreWeave

Stock futures are down on Thursday as investors grapple with persistent inflation — and growing anxiety about the heavily indebted companies involved in the artificial intelligence buildout.

Worries about the debt that so-called neoclouds have taken on to build more data centers may push them to seek funding in other, less-regulated corners of the market, Niko Gallogly reports.

Article source: https://www.nytimes.com/2026/10/15/business/dealbook/ai-neoclouds-coreweave-stocks.html