BUZZ - After a sell-off in the artificial intelligence sector, US New Cloud concept stocks rebound on dip-buying

October 19 - ** Shares of NewCloud Technology rebounded in pre-market trading after posting their worst weekly performance last week amid a sell-off in the artificial intelligence sector.

** Last week, CoreWeave's debt issues and reports of progress at CXMT dragged down global chip stocks.

** Nebius NBIS.O rose 3.9% after recording its worst weekly performance since February 2022.

** CoreWeave CRWV.O and IREN IREN.O both bounced back, up 2% and 3.6% respectively, after having their worst weekly performance since November 2025.

** As of the previous trading day’s close, NBIS shares have risen 97.7% year-to-date, while CRWV and IREN shares have declined 14.3% and 28.5% respectively over the same period.

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