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AI Neoclouds Lose Their Shine, Stalling IPOs and Sinking Stocks

Bloomberg Technology Tuesday 20 October 2026, 16:32 UTC 1 min read
Key Points

Oct 20th, 2026 AI Neoclouds Lose Their Shine, Stalling IPOs and Sinking Stocks The tide is turning on neoclouds, a business segment that’s emerged over the past few years to supply the vast amounts of data center computing needed to power artificial intelligence systems. The latest evidence that investors are losing faith: Elice Inc., a South Korean AI computing supplier scarcely known outside its home market until this week, tanked 32% in its debut in Seoul Tuesday.

Oct 20th, 2026 AI Neoclouds Lose Their Shine, Stalling IPOs and Sinking Stocks The tide is turning on neoclouds, a business segment that’s emerged over the past few years to supply the vast amounts of data center computing needed to power artificial intelligence systems. The latest evidence that investors are losing faith: Elice Inc., a South Korean AI computing supplier scarcely known outside its home market until this week, tanked 32% in its debut in Seoul Tuesday. Bloomberg's Mandeep Singh breaks it down on Bloomberg Intelligence.
Elice Inc. (ORG) South Korean (ORG) Seoul (LOCATION) Bloomberg (ORG) Mandeep Singh (PERSON) Bloomberg Intelligence (ORG)
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