SK Hynix's Solidigm unit canceled its IPO plans this week, citing market volatility. Meanwhile, neocloud companies like CoreWeave, Nebius, and IREN saw their shares fall sharply, with October losses exceeding 30% each. CoreWeave's credit default swap (CDS) spreads widened past 11%, and its unsecured notes yields topped 15%. Meta's stock plunged 7% after reporting negative free cash flow of over $2 billion in Q3 and raising its full-year capex forecast. CDS spreads for Meta, Nvidia, and Oracle also reached all-time highs. South Korea's Elice Group dropped 30% on its market debut, and Australia's NextDC plunged 39.5% after cutting its earnings forecast. Gartner analysts predict 80% of neocloud companies will cease operations or be absorbed by 2030.