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25%

At least one neocloud loses an anchor tenant or sees backlog growth turn negative quarter-over-quarter.

Probability history

0%25%50%75%100%04-25deadline

Called at 35% on April 25, 2026. Not yet repriced. 19 days past deadline, awaiting adjudication.

How the number was built

Final method: stacked-fixed-weights (resolved n=74 < 80). Each rung is an independent estimate; the final is a stacked combination.

Stated (issue date)35%
Reference class (n=37)46%
Recalibrated48%
Feature model40%
Council12%
Final25%

Drivers

  • Reference class qtype:disclosure runs 0.46 (n=37) vs stated 0.35.
  • Hierarchical calibration moves stated 0.35 to 0.48 (lens capital, kappa_stated=80.0, kappa_lens=200.0).
  • Feature model at 0.40: conjuncts=1, named disclosure=True, horizon=158d.
  • Council of 5 at 0.12.

Cautions

  • all 5 votes came from one vendor (openai); extremization disabled, persona diversity only

Council

5 personas on one model (openai/gpt-5.6-sol); other vendors were unavailable this run, so read this as one model's persona-averaged view, aggregated by log odds mean without extremization.

11%

grid and power economist · openai/gpt-5.6-sol

The deadline has passed, so the post-deadline filing digest is highly informative. CoreWeave reported $103.7 billion of RPO at June 30, up 244% year over year, offering no indication of sequential contraction or tenant loss. Nebius’s latest RPO observation supplied is from December 2025, not a qualifying 2026 disclosure. Tenant-loss disclosures are also uncommon unless material, and the rule requires an explicit filing or transcript by September 30; ambiguity counts as a miss. Residual probability reflects transcripts or non-XBRL filings omitted from the digest.

16%

semiconductor supply chain analyst · openai/gpt-5.6-sol

The cutoff has passed, and the supplied filing digest shows CoreWeave’s June 2026 RPO at $103.7 billion, up 244% year over year—strong evidence against a qualifying backlog decline. No tenant loss appears in the provided series. CoreWeave’s next quarterly disclosure would fall after the deadline. The main residual risk is that Nebius or another company reasonably classified as a publicly traded neocloud disclosed a sequential decline in a 6-K or earnings transcript not captured by the XBRL digest. The explicit-document requirement and ambiguity policy materially reduce that risk.

18%

capital markets credit analyst · openai/gpt-5.6-sol

The deadline has passed, and the available metrics point away from a qualifying event. CoreWeave reported $103.7 billion of RPO at June 30 with 244% year-over-year growth, making a sequential decline or anchor-customer loss less likely, though year-over-year growth does not conclusively rule out a sequential dip. Nebius’s digest data are stale at December 2025, so they do not establish either outcome. The strict rule requires an explicit, timely disclosure; customer-concentration changes or later September-quarter results would not qualify. Anchor losses are uncommon and generally material enough to require clear disclosure. Credit deterioration evident in October occurred too late to materially raise the deadline probability.

14%

superforecaster statistician · openai/gpt-5.6-sol

I use the disclosure-question base rate of 0.461, tempered by the >90-day rate of 0.404. The deadline has passed, so uncertainty is now only whether a qualifying pre-deadline disclosure exists. The digest shows no tenant-loss disclosure and reports CRWV RPO of $103.7B at June 30, up 244% year over year, weak evidence against backlog deterioration. A sequential decline could still coexist with annual growth, but the strict filing date, public-neocloud definition, and ambiguity policy materially reduce the chance. The forecaster’s 0.35 calibration bin has only one case, so its miss adds little.

6%

geopolitics regulation analyst · openai/gpt-5.6-sol

The deadline has passed, and the supplied filing digest contains no qualifying disclosure. CoreWeave reported $103.7 billion of RPO at June 30 with 244% year-over-year growth, evidence against a backlog reversal, though not definitive about sequential movement. Nebius’s latest listed RPO is from year-end 2025 and establishes no decline. Explicit anchor-tenant-loss disclosures are uncommon, and the rule requires a dated filing or transcript rather than inference from customer concentration. The hard cutoff and ambiguity policy make an undocumented hit unlikely.

Evidence the engine used

direct · undated

SEC.gov | EDGAR Full Text Search

Cited by grid-and-power-economist: The deadline has passed, so the post-deadline filing digest is highly informative. CoreWeave reported $103.7 billion of RPO at June 30, up 244% year over year, offering no indication of sequential contraction or tenant loss. Nebius’s latest RPO observation supplied