Turmoil hits AI buildout as neoclouds face pressure, credit risks mount and Solidigm pulls IPO
- The Nasdaq ended the week down 0.7%, and Alphabet sank 6% ahead of its third-quarter earnings report next week.
- CoreWeave, Nebius and IREN fell sharply, with CoreWeave's CDS past 11% and its 2031 and 2032 unsecured notes topping 15%.
- SK Hynix said it is pulling an IPO for its U.S.-based Solidigm unit, citing market volatility.