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Neoclouds Struggle as AI Hype Dwindles | Markets & Money News
October 23rd brings troubling news for AI infrastructure as neocloud firms face significant challenges. Credit risks are rising, highlighted by SK Hynix canceling its IPO for Solidigm. Major players like Alphabet, Microsoft, and Amazon are seeing stock dips, reflecting investor anxiety. Neocloud companies, including CoreWeave and Nebius, have seen steep declines, with CoreWeave's credit default swaps alarming investors. Globally, Elice Group and NextDC also suffered significant losses. Despite
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