AI neoclouds lose their shine as IPOs stall and stocks sink

Investors are losing faith in neoclouds, the segment supplying data center computing for AI. South Korean AI computing supplier Elice fell 32% in its Seoul trading debut, Bloomberg reported.

• Elice dropped 32% in its first trading day in Seoul
• Bloomberg reports sinking stocks and stalled IPOs among neoclouds
• Neoclouds supply data center compute for AI systems