South Korean IPO flop is the latest in a string of disappointments for the global AI trade
Summary
A recent South Korean initial public offering has failed, adding to a series of setbacks for artificial intelligence investments worldwide. This month, three separate stock market debuts for data center companies supported by major industry players were cancelled. Market participants remain skeptical regarding the long-term viability of the current heavy spending on infrastructure.
October alone has witnessed the shelving of three separate flotations planned for data-center providers, backed by AI powerhouses like Nvidia, Blackstone and SoftBank. Investors are not convinced of the sustainability of the capex outlay.
Source: Read the full story at MarketWatch.com - Top Stories
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