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

Summary by CNBC
Stock slumps, pulled IPOs, and rising spreads on credit default swaps this week sets stage for hyperscaler earnings.

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

Stock slumps, pulled IPOs, and rising spreads on credit default swaps this week sets stage for hyperscaler earnings.

·Englewood Cliffs, United States
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Neoclouds Under Pressure: Credit Risks and Cancelled IPO

Illustrative image Photo: PexelsCoreWeave, Nebius and IREN drop, CDS shoot and Solidigm cancels IPO, according to CNBC

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Turmoil hits AI build-out as neoclouds face pressure, credit risks mount and Solidigm pulls IPO

Neoclouds tanked. Credit default swaps soared. Meta turned cash flow negative. And SK Hynix's Solidigm unit canceled plans for its initial public offering. It's been a rocky week for the AI infrastructure trade. The Nasdaq followed Thursday's beating with an additional drop on Friday to end the…

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CNBC broke the news in Englewood Cliffs, United States on Friday, October 23, 2026.
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