Business & EnterpriseFinance5 min reading time

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

CNBC
Read the full article
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.

More on this story


More in Business & Enterprise

OpenAI Shifts Value to $1.25 Trillion as Funding Talks Finalize

Covered by 4 sources

CoreWeave’s debt is becoming the whole AI industry’s problem

Covered by 2 sources

Now Google says it might use your Gmail and Google Photos data to target ads

Covered by 3 sources