A Gartner warning that most neoclouds, the AI providers that rent out graphics processing unit (GPU) capacity, won't survive as independent companies is pulling the group lower, and IREN Limited (NASDAQ:IREN) stock is among the hardest hit.
CoreWeave stock is getting pummeled as investors remain concerned about the neocloud industry. It dropped to $65 in the extended session, down by 53% from its highest level this year, erasing billions of dollars in value.
Gartner's prediction that 80% of neoclouds could vanish by 2030 intensified investor concerns about the company's long-term viability, today, Oct. 14, 2026.
Nebius stock price retreated sharply today, October 14, reaching its lowest level since August 11 this year. NBIS dropped to $185.63, down by nearly 40% from the year-to-date high.
Gartner Inc (NYSE:IT), the research and advisory company, is expected to report third-quarter contract value growth of 2.5%, slightly above the 2.3% Visible Alpha estimate, according to UBS. The analyst expects net new contract value to increase by $58 million in the quarter, down slightly from its previous estimate of $60 million.
IT's rising client engagement, $5.3B contract value, stronger retention and higher 2026 guidance reinforce its long-term growth prospects.
Gartner (IT) reported earnings 30 days ago. What's next for the stock?
IT shares jump 28.4% in three months as steady revenue growth, earnings beats and expanded buybacks strengthen investor confidence.
Gartner, CBIZ and Huron Consulting Group have been highlighted in this Industry Outlook article.
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IT's discounted valuation, rising earnings outlook and strong cash flow offer appeal, but uneven revenue growth and Consulting weakness add risk.
IT raised its 2026 EPS and free cash flow outlook as margins improved, but lower revenue guidance keeps attention on execution and Consulting weakness.