Shares of South Korean data center provider Elice (0158S0.KQ) plunged 32% on their first trading day. Elice, which rents out AI compute capacity, raised about $151 million, with demand oversubscribing the IPO roughly 400 times. The sharp drop reflected investor worries about valuations and long-term profitability, especially if hyperscalers cut spending or borrowing costs rise further. The sell-off also tied into concerns about neocloud providers, after a viral chart of rising bond yields at Nvidia-backed CoreWeave (CRWV) highlighted its debt-heavy balance sheet; CoreWeave rebounded Tuesday after a 25% drop last week. HSBC analyst Abhishek Shukla set a $39 price target on CoreWeave, about 34% below current trading levels.
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IPOdata centersCoreWeaveartificial intelligencebonds
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Relevance: low
| Market | US stocks |
|---|---|
| Sector | Information Technology |
| Industry | Semiconductors |
| Market cap | $5.2T |
| Close on 10/19/2026 | 217.09 |
| Change that session | +1.38% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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