Neocloud Fever on Wall Street: Why Investors are Now Focusing on Electricity, Chips, and Server Farms – Not on AI Itself!

A simple rule applies on Wall Street in 2026: The big money is not made by the AI developers themselves, but by the suppliers of the infrastructure behind them – data centers, chips, optics, and electricity. How significant this rotation is, was demonstrated on a single trading day on July 20: The stock of operator IREN skyrocketed by almost 20%, and competitor Hut 8 rose by over 10%. Both announced new major clients – and lifted an entire sector with them. Neocloud – the landlords of computing power . At the center is the Neocloud sector:...