# Neocloud stocks slide and credit risk rises as Solidigm pulls its IPO

> Original title: Turmoil hits AI buildout as neoclouds face pressure, credit risks mount and Solidigm pulls IPO

- Source: CNBC · Technology
- Published: 2026-10-23T21:49:08.000Z
- Bad Influence: https://badinfluence.news/items/fdk12ubl4nb2jldqwt50o80he
- Original: https://www.cnbc.com/2026/10/23/ai-turmoil-neoclouds-struggle-credit-risks-jump-solidigm-pulls-ipo.html

## Summary

Neocloud 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. Meta reported negative third-quarter free cash flow and raised its full-year capex floor to $135 billion, while its five-year CDS hit all-time highs.