SK Hynix Scraps Solidigm IPO Amid Tech Stock Rout!
With 2.6% wiped off the Nasdaq Composite, tech stocks are feeling the squeeze as worries over AI spending intensify. SK Hynix's subsidiary Solidigm was set to list on the US market but now faces a halt in review due to volatile market conditions. This decision comes as a surprise, especially considering the growing demand for AI memory. Shares of major players like Nvidia and Advanced Micro Devices have also plummeted, with some experts predicting a shortage of memory chips by 2029. What does this mean for the future of tech and the chip industry?
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