The neocloud shakeout is coming, and Nvidia has the most to lose
- Nvidia: 161 events in the last 90 days
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What happened
After stock crashes and Firmus's scrapped IPO, industry executives expect only seven to ten of the hundreds of AI cloud providers to survive. CoreWeave lost a quarter of its market value, and Microsoft pulled out of a deal with Nscale for 23,000 Nvidia chips. Nvidia has a lot riding on the outcome, since customers outside the hyperscalers make up 45 percent of its data center revenue.
Summary assembled by rule from the sources below