Sources: neoclouds CoreWeave, Nebius, and Nscale have effectively been shut out of the bond market in recent weeks as lenders and investors demand tougher terms
THE SO WHAT
Cheap debt is no longer a given for GPU neoclouds—Wall Street is now pricing AI infra like project finance, not growth equity. If your roadmap assumes easy burst capacity from second-tier clouds, model in tighter credit, slower buildouts, and more conservative contract terms.
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