Capitalist Insider: Korean AI firm Elice crashes 32% on IPO debut as retail gets crushed

HSBC slashes CoreWeave to $39 as ROIC falls below debt costs

Hello Capitalist Insiders!

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• Korean AI firm Elice crashes 32% on IPO debut as retail gets crushed

• HSBC slashes CoreWeave to $39 as ROIC falls below debt costs

• Three risks threaten AI’s $1.6 trillion spending plan

• China chip order rumors fail to lift Nvidia shares

• Salesforce to buy Braze for $5.66 billion in cash

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Korean AI firm Elice crashes 32% on IPO debut as retail gets crushed

South Korea’s Elice sank more than 30% on its first trading day after a $150 million IPO, as investors reassessed whether AI infrastructure spending can deliver returns while elevated inflation keeps borrowing costs high.