Elice shares plunge 30% on KOSDAQ debut as AI valuations cool

Crypto Insight Summary: Elice Group, a South Korean AI infrastructure firm, saw its stocks drop by 28% on its KOSDAQ debut on October 20, 2026, despite having a solid IPO and a successful first half. Investors are worrying about the future of AI data-center valuations and the impact this is going to have on the market. A debut... Crypto Insight Analysis: Direction: Bearish AI / Neutral Crypto Impact: Minor Impact Horizon: Short-term (1-3 days) Reasoning: AI infrastructure stock decline may signal cooling investor sentiment towards AI, but direct crypto impact is limited.