DATA - CENTER LISTINGS PULLED AND BONDS DUMPED AS AI STOCKS SELL OFF

What happened: AirTrunk, Firmus, and SB Energy paused or pulled planned listings in the past week as AI stocks sold off and data center bonds fell. Key numbers: Firmus had aimed to raise $5 billion. Equity fundraising for the sector is down 4.6 percent year-to-date. Meta/Blue Owl Hyperion bonds fell below 91 cents on the dollar. Why it matters: Dell, HPE, and NetApp dropped after a Barclays note said it sees no meaningful AI inflection yet. The Philadelphia semiconductor index fell a seventh straight day, and Thursday's equity bounce went to healthcare and defensives while tech stayed weak. Coverage: 5 outlets in 24h

AirTrunk, Firmus, and SB Energy paused or pulled planned listings in the past week as AI stocks sold off and data center bonds fell.

Dell, HPE, and NetApp dropped after a Barclays note said it sees no meaningful AI inflection yet. The Philadelphia semiconductor index fell a seventh straight day, and Thursday's equity bounce went to healthcare and defensives while tech stayed weak.