Friday, August 7, 2026
Search interest in AI infrastructure IPOs CoreWeave and Nebius has collapsed 65-85% from peak hype while their stocks trade 30-50% below highs, even as retail chases the "next NVDA" through rising queries for second-tier names. Macro complacency has hit extremes with recession search interest down 58% since May and prediction markets pricing just 8% US recession odds by year-end, creating potential volatility risk if macro surprises emerge against this one-way positioning.
Visualizations(5)
CoreWeave (CRWV): The Post-IPO Reality Check
CoreWeave shares crashed 34% from $128.84 IPO open to $85.33 today, with a brutal 53% drawdown to $60.82 low. Search interest tracked the hype cycle perfectly - peaking at IPO then collapsing as losses mounted.
Nebius (NBIS): The AI Infrastructure Volatility Trap
Nebius has been a volatility nightmare - up 55% from May lows to $286.69 peak, then crashing 48% to $148.22, now sitting at $189.88. Search interest peaked mid-July at 31 as retail discovered the name, now fading to 11.
Rising Stock Queries: The 'Next NVDA' Hunt Is On
Rising queries show retail hunting the next big theme: CoreWeave (+350%), Nebius (+450%), and Rocket Lab (+300%) all breaking out. Even with NVDA down from highs, 'nvidia news today' up +1000% as retail chases AI infrastructure plays.
AI Infrastructure IPOs: Search Interest Fades as Prices Crater
Search interest in AI infrastructure plays CoreWeave (CRWV), Nebius (NBIS), and Rocket Lab (RKLB) all collapsing from IPO/hype peaks. CRWV down 85% from peak search, NBIS down 65%, RKLB down 72%.
Macro Complacency Hits Extreme: Recession Fear Collapses
Recession search interest collapsed 58% from 100 in early May to 42 today. Market crash queries down 53% from 36 to 17. Prediction markets price just 8% US recession odds by end of 2026 - extreme complacency signal.