A CoreWeave billboard advertisement in Times Square, New York
Crusoe's chief executive stood up at a Bloomberg conference and called the neocloud selloff overblown, praising CoreWeave's deal-making in the process. It's a notable thing for a direct competitor to say in public, and it still doesn't explain away the specific numbers investors are reacting to.
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Solidigm's planned New York listing could have raised 15 billion dollars at a 150 billion dollar valuation. SK Hynix killed it anyway, after Korean regulators flagged a duplicate-listing problem, and investors responded by bidding up the parent company's stock instead of punishing it.
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