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Feb 21, 2026 8:01 PM

Neocloud Contagion: CoreWeave Financing Woes Drag Down Nebius, Applied Digital

The specialized neocloud sector faced a stress test on Friday as shares of Nebius Group N.V. (NASDAQ:NBIS) and Applied Digital Corp. (NASDAQ:APLD) tumbled in sympathy with CoreWeave, Inc. (NASDAQ:CRWV). 

The sell-off was ignited by a Business Insider report suggesting a major financing friction point for CoreWeave's ambitious infrastructure expansion.

NBIS stock is moving. See the chart and price action here. 

Data Center Financing Woes

CoreWeave shares fell as much as 12% intraday following news that its key financing partner, Blue Owl Capital (NYSE:OWL), allegedly failed ...