Turmoil hits AI build-out as neoclouds face pressure, credit risks mount and Solidigm pulls IPO
CNBC
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Neocloud companies like CoreWeave and Nebius have faced sharp stock declines and rising credit risk amid growing investor concerns about AI infrastructure profitability. Meta reported negative cash flow, and SK Hynix's Solidigm canceled its IPO, signaling stress in the AI buildout sector. Despite this, Nvidia's CEO remains optimistic about strong demand for neocloud services.
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