Nebius’ December Descent: A Chessboard of AI Capitalism

Oracle, that gilded oracle of silicon and cloud, had stumbled, its capital expenditures swelling to $12 billion like a bloated leviathan. The figure, a grotesque parody of fiscal prudence, cast a pall over Nebius and its ilk. CoreWeave, another neocloud star, flickered in tandem, their fates entwined in the capricious dance of AI hype. One might almost admire the symmetry: Oracle, the titan, and Nebius, the nimble acrobat, both dancing to the same erratic tune.






