Neoclouds tanked. Credit default swaps soared. Meta turned cash flow negative. And SK Hynix's Solidigm unit canceled plans for its initial public offering. The Nasdaq followed Thursday's beating with an additional drop on Friday to end the week down 0.7%. Among the hyperscalers, the worst performer was Alphabet , shares of which sank 6% ahead of the internet giant's third-quarter earnings report next week. Microsoft and Amazon are also on the docket, and they each saw shares fall less than 1%. While the tech market has thus far avoided a dramatic across-the-board sell-off, the artificial intelligence buildout is showing signs of strain.
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