SK Hynix shelves Solidigm U.S. IPO plans, CNBC reports
cnbc.com reported that SK Hynix has shelved plans for a potential U.S. IPO of Solidigm, citing market volatility and share price concerns.
What happened
Cnbc.com reported on Oct 23, 00:53 UTC that SK Hynix has shelved plans for a potential U.S. IPO of Solidigm. The report named SK Hynix and Solidigm as the companies involved.
cnbc.com said the plans were shelved amid market volatility and share price concerns, according to its published summary.
Stocks market context
Finnhub data show that as of Oct 22, 20:00 UTC prices were: the SPY ETF $763.96, the QQQ ETF $704.47, NVIDIA $212.21, Apple $348.22 and Meta Platforms $648.85; their moves were, from the prior close, respectively: fell 1.18% from the prior close, fell 2.86% from the prior close, fell 4.40% from the prior close, rose 1.23% from the prior close and fell 6.98% from the prior close.
| Instrument | Last | Change | Basis | As of | Source |
|---|---|---|---|---|---|
| S&P 500 (via SPY ETF) | $763.96 | -1.18% | vs prior close | Oct 22, 20:00 UTC | Finnhub |
| Nasdaq 100 (via QQQ ETF) | $704.47 | -2.86% | vs prior close | Oct 22, 20:00 UTC | Finnhub |
| NVIDIA | $212.21 | -4.40% | vs prior close | Oct 22, 20:00 UTC | Finnhub |
| Apple | $348.22 | +1.23% | vs prior close | Oct 22, 20:00 UTC | Finnhub |
| Microsoft | $521.08 | -2.23% | vs prior close | Oct 22, 20:00 UTC | Finnhub |
| Amazon | $250.38 | -4.57% | vs prior close | Oct 22, 20:00 UTC | Finnhub |
| Alphabet | $324.22 | -3.15% | vs prior close | Oct 22, 20:00 UTC | Finnhub |
| Meta Platforms | $648.85 | -6.98% | vs prior close | Oct 22, 20:00 UTC | Finnhub |
| Tesla | $374.58 | -3.08% | vs prior close | Oct 22, 20:00 UTC | Finnhub |
| JPMorgan Chase | $336.54 | +0.40% | vs prior close | Oct 22, 20:00 UTC | Finnhub |
Related coverage
Yahoo published a piece on SOXX’s planned 3-for-1 split and what changes it may bring.
businessinsider.com ran an article reporting Jensen Huang’s remarks on neocloud demand and noting CoreWeave’s stock slide.
- SK Hynix shares slide after chipmaker scraps Solidigm IPO plans — cnbc.com, Oct 23, 00:53 UTC
- SOXX Is Splitting 3-for-1 Again: What Changes for Your Shares and What Doesn’t — Yahoo, Oct 22, 15:05 UTC
- Why Anthropic Is Racing to IPO While OpenAI Waits Until 2027 — Yahoo, Oct 22, 09:13 UTC
- Jensen Huang says neocloud demand is 'off the charts' as CoreWeave stock continues to slide — businessinsider.com, Oct 22, 12:44 UTC
- All It Takes Is 1,220 Shares of Nike Stock to Generate $2,000 a Year in Dividends. Is It Worth It? — Yahoo, Oct 22, 11:50 UTC
What to watch
No upcoming events for SK Hynix or Solidigm were available for this edition.
- Fri Oct 23 (before the open) — AXP Q3 2026 earnings · EPS estimate 4.53
- Fri Oct 23 (before the open) — SLB Q3 2026 earnings · EPS estimate 0.62
- Fri Oct 23 (before the open) — BAH Q2 2027 earnings · EPS estimate 1.51
- Fri Oct 23 (before the open) — ALV Q3 2026 earnings · EPS estimate 2.34
- Fri Oct 23 (before the open) — FCNCA Q3 2026 earnings · EPS estimate 47.40
- Mon Oct 26 (time not confirmed) — SCCO Q3 2026 earnings · EPS estimate 2.02
Sources and data
- cnbc.com (secondary source) — SK Hynix shares slide after chipmaker scraps Solidigm IPO plans
- Yahoo (secondary source) — SOXX Is Splitting 3-for-1 Again: What Changes for Your Shares and What Doesn’t
- businessinsider.com (secondary source) — Jensen Huang says neocloud demand is 'off the charts' as CoreWeave stock continues to slide
- Finnhub (market data) — market data
Market data as of Oct 22, 20:00 UTC; report generated Oct 23, 03:30 UTC. All times are UTC. Each table row shows its own timestamp and provider.
This report was produced by the MarketAlleys Research Desk using automated data processing and language tools from the sources listed above, and checked against our automated-content validation rules. It is for information only and is not investment advice.
Terms in this article
Initial public offering (IPO)
The first sale of a company's shares to the public, after which they trade on an exchange.
Volatility
The size and speed of price changes, commonly measured as the annualised standard deviation of returns.
Price-to-earnings ratio (P/E)
Share price divided by earnings per share.
Exchange-traded fund (ETF)
A fund that trades on a stock exchange like a share, usually tracking an index, sector, commodity or strategy.
S&P 500
A float-adjusted, market-cap-weighted index of about 500 leading US companies selected by a committee at S&P Dow Jones Indices.
Sources & data
- cnbc.com (secondary, retrieved Oct 23, 2026, 03:31 AM UTC)
- Yahoo (secondary, retrieved Oct 23, 2026, 03:31 AM UTC)
- businessinsider.com (secondary, retrieved Oct 23, 2026, 03:31 AM UTC)
- Finnhub (market-data, retrieved Oct 23, 2026, 03:31 AM UTC)
Market data as of Oct 22, 2026, 08:00 PM UTC.
This report was produced by the MarketAlleys Research Desk using automated data processing and language tools, built only from the cited sources and validated by rules described in our methodology. Spot an error? Request a correction.
Ask about this story
Questions are answered only from this article and the sources it cites.
MarketAlleys provides news and analysis for information only; it is not investment advice or a recommendation to buy or sell any security. Markets involve risk. Risk disclaimer.
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