Analyst bullish on neocloud-hyperscaler partnership thesis

Jason Ader at William Blair said neoclouds are receiving "sloppy seconds" from hyperscalers and could see business pulled back if it comes to a point where they have enough capacity themselves. He believes the probability of this is low and sees a continued partnership between neoclouds and hyperscalers, but also indicates a possibility where hyperscalers dump neoclouds after enough capacity is met. $NBIS $IREN $CRWV