SK Hynix

SK Hynix has shelved the planned IPO of its Solidigm unit, citing market volatility and share-price trends amid a broader sell-off in AI infrastructure. Neocloud providers such as CoreWeave, Nebius and IREN plunged, with some CDS spreads reaching distress levels and unsecured note yields topping 15%. Credit default swap spreads for major tech names including Meta, Nvidia and Oracle also hit record highs as investors reassess financing and credit risks tied to the AI build-out. » Więcej na cnbc.com

After heavy losses in the tech sector the previous day, Wall Street appears stable on Friday, but there is no clear recovery in technology stocks. Traders reported rotations from AI names into more defensive issues, while isolated bargain hunters are active. The cancellation of the IPO for SK Hynix’s memory-chip unit is being viewed as a negative signal. High crude oil prices are fueling renewed inflation and interest-rate fears and dampening buying appetite as well as the economic outlook. » Więcej na finanzen.net

South Korean chipmaker SK Hynix has temporarily halted the planned US IPO of its chip unit Solidigm due to market volatility and concerns from South Korean authorities. The IPO was expected to raise about $15 billion and would have valued Solidigm — formerly Intel’s NAND-flash and SSD division — at roughly $150 billion, while financing a new US plant and share buybacks. SK Hynix stresses the decision does not change its growth and investment plans and will consider alternative financing options. After the announcement, SK Hynix shares rose 4.4 percent; the move also reflects weakened sentiment in the AI sector and regulatory/strategic considerations around overseas listings. » Więcej na manager-magazin.de