Neocloud Stocks Rally as IREN, CoreWeave, and MARA Holdings Surge

Summary

Stocks of so-called 'neocloud' companies — newer entrants in the cloud and AI infrastructure space — experienced significant rallies, with IREN, CoreWeave, and MARA Holdings all seeing notable gains. These companies represent an emerging tier of AI compute providers that are positioning themselves as alternatives or supplements to hyperscaler offerings, often specializing in GPU-dense infrastructure tailored for AI workloads. The rally reflects continued investor enthusiasm for companies that p