<div id="readability-page-1">Oracle's (ORCL) second-quarter revenue miss, coupled with a disappointing profit outlook, is sending shockwaves through the tech sector today. With AI overvaluation fears back on, neocloud stocks CoreWeave Inc (NASDAQ:CRWV) and IREN Ltd (NASDAQ:IREN) are suffering the consequences. CRWV was last seen down 3.1% to trade at $85.46, despite the company's announcement that it will power Runway's next-generation AI video models. Shares have been rebounding since their November multi-month lows, still down 42.5% in the last six months. IREN is down 2.7% to trade at $42.67, but still sports an astounding 532.3% nine-month lead. The equity has been testing a floor at the $40 level since pulling back from its Nov. 5, record high of $76.87, though the descending 20-day moving average has emerged as pressure. CRWV and IREN are heavily shorted, with short interest making up 11.1% and 19.7% of their total available floats, respectively. Notably, the former has seen a 32.9% rise in short interest in the last two reporting periods. Both stocks are seeing affordably priced premium. CRWV's Schaeffer's Volatility Index (SVI) of 90% sits above only 9% of annual readings, while IREN's SVI ranks at the bottom of all readings from the last 12 months.</div>

IREN

CRWV

Oracle's disappointing guidance has led to a decline in neocloud stocks CRWV and IREN. CRWV is down 3.1% to $85.46, despite positive AI developments, and IREN is down 2.7% to $42.67, though it has a 532.3% nine-month gain. Both stocks face high short interest and affordable premiums, with CRWV's SVI at 90% and IREN's at the bottom of annual readings.

2 Neocloud Stocks Sliding After Oracle's Dismal Guidance