✉news BusinessMarkets first seen 1 d ago, last 1 d ago, peak #24
South Korean AI firm Elice plunges 32% in market debut
Original: South Korean AI firm Elice plunges 32% in market debut as investors dump data centre stocks
South Korean AI company Elice saw its shares drop 32% in its stock market debut, as investors sold off data centre-related stocks. The sharp fall on its first trading day underscores cooling sentiment toward AI infrastructure plays, with broader concerns about valuations in the sector weighing on newly listed technology firms in South Korea and beyond.
Why now: Investors are reassessing AI and data centre stocks amid concerns over sector valuations.
Evidence
- South Korean AI firm Elice plunges 32% in market debut as investors dump data centre stocks · Reuters
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