Turmoil hits AI build-out as neoclouds face pressure, credit risks… | HappeningNow.news

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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.

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Summary

Neoclouds tanked. Credit default swaps soared. Meta turned cash flow negative. And SK Hynix's Solidigm unit canceled plans for its initial public offering.

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