Business & Enterprise Finance4 min reading time

Elice's huge stock swings show AI's spending boom is getting more investor scrutiny

CNBCPublished 51 minutes ago

South Korean AI infrastructure firm Elice saw its shares plunge 32% on debut despite raising $151M, signaling investor skepticism about the profitability of heavy AI data center investments amid rising borrowing costs.

#ai-investment #cloud-infrastructure #coreweave #elice #sk-telecom

Elice's huge stock swings show AI's spending boom is getting more investor scrutiny

More in Business & Enterprise

OpenAI acquires startup Orchestra Bio⁠ to beef up its biotech business

SpaceX Swings to a Profit, as A.I. Business Grows

Otter AI raises $320M from General Catalyst’s growth fund for its meeting tool