Zacks Investment Research
Neocloud ETF Down 30% YTD Despite Strong Demand: Here's Why
Neocloud ETF NCLD is down 30% YTD despite surging demand for AI computing capacity. Capital shortages, heavy debt concerns, and investor worries about infrastructure spending timelines are weighing on neocloud stocks like CoreWeave. However, multi-year contracts and an estimated $2.9 trillion in global data center construction through 2028 offer long-term growth potential.
