🔴 NCLD is trading 6.34% down in pre-market as capex misses revived AI infrastructure concerns

NCLD is trading at $15.80, down 6.34% in pre-market as Microsoft and Alphabet reported lower-than-expected capital spending, renewing concerns about AI infrastructure demand and delayed capacity.

• Microsoft cited delayed third-party capacity deliveries, with some capacity pushed into 2027; this weighs on providers that depend on major cloud companies for demand.
• Broader technology weakness may add pressure: Nasdaq was down 2.19% pre-market. NCLD closed at $16.87 on October 29, after a 5.49% decline.