Neocloud stocks slide and credit risk rises as Solidigm pulls its IPO
AINeocloud providers CoreWeave, Nebius and IREN each lost over 30% in October, and CoreWeave's CDS spreads widened past 11%, a distress level. SK Hynix withdrew the planned U.S. IPO of its Solidigm unit, citing market volatility and share price trends.
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CNBC · Technology · cnbc.comPublished
Original title: Turmoil hits AI buildout as neoclouds face pressure, credit risks mount and Solidigm pulls IPO