StocksMedium•10 November 2026•
1 min read
Nebius and IREN Shares Slump as Microsoft Tightens Data Center Oversight
Key Facts
1Nebius shares fell 14% and IREN shares dropped 17% following reports of Microsoft tightening oversight on neocloud data center deals.
2Microsoft opted not to expand an Nscale contract in Texas and requested network design changes from IREN.
Nebius shares fell 14% and IREN shares dropped 17% following reports that Microsoft is tightening its oversight on neocloud data center deals. Prop News Time reported that Microsoft opted not to expand an Nscale contract in Texas and requested network design changes from IREN, signaling increased scrutiny over project delivery risks and power shortages.
NBIS closed at $141.45 on November 9, 2026, while MSFT closed at $545.18 on the same date. The pullback stems from Microsoft debating new deals with cloud providers due to project delays and rising costs, which has already led IREN to push back delivery dates for certain AI infrastructure components.