AI infrastructure stocks slide as SK Hynix cancels Solidigm IPO

Business Oct 24, 2026

The AI infrastructure world is having a rough month: companies like CoreWeave, Nebius, and IREN have dropped over 30% in October.

Things got so shaky that SK Hynix pulled the plug on its Solidigm IPO, blaming unpredictable markets.

Even big players like Meta, Oracle, and NVIDIA are feeling the heat as credit risk signals hit record highs.

Nasdaq slips 0.7% amid AI doubts

The Nasdaq slipped 0.7% this week as giants like Alphabet, Microsoft, and Amazon dragged it down: Investors are now questioning if all that AI spending will really pay off.

Some analysts even think up to 80% of neoclouds could disappear or merge by 2030 if things don't turn around.

Meta down 7% after cash gap

Meta's stock took a 7% hit after revealing a major cash flow gap, even with solid credit ratings.

It's making people wonder just how financially stable these tech titans are as they pour resources into AI.