AI DEBUTANT FLAMEOUT STOKES FEARS BOOM IS ENDING

What happened: Elice, a $750 million data center and AI developer, fell 32% on its debut in Seoul, the latest sign of waning faith in neoclouds. Key numbers: 32% debut drop; CoreWeave bond yields at 15%; CoreWeave more than 60% off its peak; SoftBank raised roughly $11 billion in junk bonds; JPMorgan and Goldman hiked yield on a $5 billion leveraged loan for Volta Infrastructure; Nscale in Why it matters: Analysts cited in the content said the era of "buy everything AI" has given way to "question everything AI," with markets more selective and neoclouds seen as particularly vulnerable.

Elice, a $750 million data center and AI developer, fell 32% on its debut in Seoul, the latest sign of waning faith in neoclouds.

Analysts cited in the content said the era of "buy everything AI" has given way to "question everything AI," with markets more selective and neoclouds seen as particularly vulnerable.