Live updates: Market jitters persist as the AI selloff deepens

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• South Korean IPO plunge deepens AI market jitters as brent tops $111

  South Korean data centre company Elice (0158S0) closed at 60,500 won ($45.57) on its debut, down over 30% from its 90,500 won offer price, despite a retail offering oversubscribed more than 400 times. The IPO raised $151 million at a valuation of roughly $755 million, according to Bloomberg. The debut came as the KOSPI dropped almost 4% to 5,552, with Samsung Electronics and SK Hynix also falling, and CoreWeave (CRWV) slipped another 3% in U.S. pre-market trading. Investors are questioning the borrowing costs, debt levels and returns of AI infrastructure spending, while Brent crude topped $111 a barrel, its highest since May, amid Middle East supply and shipping concerns.

  CoinDesk·20/10, 09:32▼ NVDA▼ QQQ▼ SPYIPOSouth Koreadata centers
• South Korean IPO flop is the latest in a string of disappointments for the global AI trade

  In October alone, three planned IPOs of data-center providers backed by AI heavyweights such as Nvidia, Blackstone and SoftBank have been shelved. Investors are not convinced that the planned capital expenditure is sustainable.

  MarketWatch·20/10, 09:30▼ NVDA▼ QQQIPOAI investmentdata centers
• Global Market : South Korea Elice shares plunge 28 % in market debut as data centre stocks shunnedeconomictimes.indiatimes.com·20/10, 04:00EliceIPOdata centers
• Nscale in talks for $45 billion Anthropic AI deal as IPO looms

  Nscale is in talks to secure a computing deal worth about $45 billion with Anthropic, according to Bloomberg News, which could strengthen the Nvidia-backed data center developer's bid for a roughly $30 billion valuation in its planned IPO. The proposed agreement would cover a second building at Nscale's Monarch campus in West Virginia, delivering 460 megawatts of capacity powered by Nvidia's Vera Rubin chips, and could be finalized within days, though terms could still change. Anthropic already has infrastructure agreements with Nscale worth as much as $44.6 billion, according to Nscale's IPO filing, and holds a right of first refusal on the campus's anticipated third building. Investors are scrutinizing AI infrastructure economics, and Nscale faces questions similar to CoreWeave's about financing, execution and converting its backlog into cash flow, since its contracts are future commitments rather than collected cash. Representatives for Nscale and Anthropic declined to comment.

  Yahoo Finance·19/10, 20:02▲ NVDANVDAAnthropicIPO
• In 6 days, technology groups and investment funds from the US, South Korea and Canada will come to Ho Chi Minh City for a special event

  The Open Innovation Day 2026 (OID 2026), themed “Building Next-Generation Industrial Cities”, will take place on 26 October 2026 in Ho Chi Minh City, organised by the Open Innovation Centre (SoiHub). About 50 investment promotion delegations from the US and South Korea are expected, along with 15 discussion and networking sessions. The programme focuses on four areas, including AI infrastructure and data centres, the workforce in the AI era, and green energy infrastructure, with more than 20 speakers. Previous editions attracted over 3,000 participants and connected more than 200 organisations.

  CafeF·20/10, 05:41Vietnamartificial intelligencedata centers
• Prediction: This Will Be Micron's Stock Price By the End of 2027

  Micron's shares have risen 333% over the past 12 months as AI data center clients buy its memory chips, with fourth-quarter revenue up 379% year over year to $54.23 billion and net income up more than 10-fold to $37.7 billion. The company has authorized $35.7 billion in share repurchases, and its forward P/E of 7 compares with an S&P 500 average of 19. The author links the low valuation to a sell-off in South Korea, where the KOSPI has fallen over 40% from its June peak, erasing more than $2 trillion, on fears of rising bond yields and growing competition from China's CXMT. Some South Korean experts forecast a memory chip supply glut by 2029, which the author says could bring years of stagnant performance similar to the period after the dot-com bubble. The author concludes investors shouldn't expect the stock to exceed its current price of $879 by the end of 2027.

  Yahoo Finance·19/10, 13:20Micronsemiconductorsdata centers

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• AI chip stocks bounce back as hyperscaler earnings loom, META equity raise in focus

  AI chip stocks rebounded on October 19, with the Nasdaq up 1.3%, NVIDIA gaining 1.38% and Meta Platforms slipping 0.55%. Evercore ISI sees the recent pullback as coming ahead of a strong hyperscaler earnings season, and NVIDIA expects top five hyperscaler capex to reach nearly $800 billion in 2026. Meta guided 2026 capex to $130 billion to $145 billion, while second-quarter free cash flow fell to $784 million from $8.55 billion a year earlier. Analysts expect a Meta stock sale, and according to the article, the market is reportedly comfortable with about $30 billion, though Meta has not announced an offering. The article notes H100 pricing has held up, NVIDIA says it has supply for about 70% of demand, and GPU-backed loans are seen as the go-to option over unsecured debt at 15%.

  Yahoo Finance·20/10, 11:00▲ NVDA▼ METANVDAMETAAI investment
• Mt. Gox Pushes Repayment Deadline to 2027 With $2.8B in Bitcoin Still to Distribute

  Mt. Gox's rehabilitation trustee, Nobuaki Kobayashi, has pushed the repayment deadline back one year to October 31, 2027, with a Tokyo court's approval, because many creditors have not completed the required procedures or ran into problems. It is the fourth one-year extension, and about 19,500 creditors had received funds by the October 2026 deadline. Arkham data shows wallets linked to Mt. Gox still hold about 34,388 BTC, worth roughly $2.8 billion, with no transfers since June apart from a move of 10,422.65 BTC, mostly to a new wallet. Observers now see the remaining coins as a smaller risk, with one analyst calling the repayments 'more of a recurring headline than a real source of downside pressure.'

  Decrypt·20/10, 10:55▼ BTC/USDTbitcoincryptoMt. Gox
• 3 Reasons to Own McDonald's Stock by Dec. 1 to Qualify for Its First Payout as a Dividend King

  McDonald's (MCD) is set to join fewer than 60 U.S. public companies designated Dividend Kings, which have paid and raised dividends for at least 50 consecutive years. Its latest quarterly payout is $1.93 per share, up 4%, and at $7.72 per share the forward dividend yield is 3.2%; shareholders who own the stock by Dec. 1 will receive the $1.93 payment on Dec. 15. The article notes that 96% of its 45,356 stores are franchised, and that the stock is down 20.5% year-to-date and 28.9% below its all-time high of $341.75 on March 2, with a forward P/E of 18.9. Weak U.S. same-store sales (up 0.8% in Q2 2026) and an $8.5 billion, 10-year investment plan, which adds $5 billion in costs through 2030, are cited as key factors.

  Yahoo Finance·20/10, 10:50dividendsMcDonald'srestaurant chains
• Shopify vs. Target: Which Technology Stock Is a Better Buy in 2026?

  The article compares Shopify (SHOP) and Target (TGT) as two different ways to invest in modern commerce. Shopify serves millions of merchants in over 175 countries and reported FY 2025 revenue of nearly $11.6 billion (up roughly 30.1%), net income of about $1.2 billion and free cash flow near $2.0 billion, while stock-based compensation was roughly 22.1% of operating cash flow. Target, with nearly 2,000 stores, reported FY 2025 revenue of nearly $104.8 billion (down roughly 1.7%), net income of about $3.7 billion and free cash flow near $2.8 billion. The article details legal and competitive risks for both companies, and Target's forward P/E of 15 compares with 91.5 for Shopify. The author says they would choose Target if buying today, citing new CEO Michael Fiddelke's $5 billion plan to upgrade stores, product mix and supply chain, and a return to sales growth in fiscal 2026.

  Yahoo Finance·20/10, 10:49retailShopifyTarget
• PNJ Hits Ceiling Price as VN-Index Breaks Out of Red Zone

  The VN-Index reversed to close 2.13 points (0.13%) higher at 1,691 points on October 20, ending a decline, though it did not regain the 1,700-point level lost in the previous session. PNJ hit its daily ceiling price of 19,750 dong per share ahead of an extraordinary shareholders' meeting expected on October 21. The company plans to propose revising its 2026 business plan to a post-tax loss of over 6,270 billion dong, due to provisions of over 7,000 billion dong related to a goods exchange policy, and to seek approval for a private placement of up to 550 million shares to professional investors. Steel stocks led gains, with SMC at its ceiling and NKG up 5.7%, while VHM fell 4.1% and foreign investors were net sellers of nearly 275 billion dong.

  CafeF·20/10, 10:49▲ PNJ▲ VNINDEXVNINDEXPNJgold
• Nvidia Reportedly Sees Alibaba, ByteDance, Tencent Order $35B In RTX PRO 5500 Chips Amid US Export Curbs

  Reuters reported that Alibaba, Tencent, ByteDance and other Chinese firms have ordered over $70 billion worth of Nvidia's RTX PRO 5500 workstation graphics cards, with the three named companies accounting for more than 3 million units worth over $35 billion. Total orders from Chinese customers exceed 6 million units. Nvidia reportedly told partners it cannot guarantee fulfillment because demand exceeds planned production, and one source said it may deliver only 5% to 10% of the total order amount. The orders come as U.S. export controls bar sales of Nvidia's Blackwell-based B300 and limit H200 sales to case-by-case approval. Chinese companies reportedly want the less powerful RTX PRO 5500 mainly for AI inference, and NVDA stock edged 0.18% lower in pre-market trade.

  Yahoo Finance·20/10, 10:48▲ NVDANVDAsemiconductorsChina