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.
Business
The Value Line Median Appreciation Potential has a good record forecasting smaller stocks’ returns. And the next four years look bearish.
Business
Strategist Tom Lee says investors should not shrink from the pullback in stocks surrounding AI investment fears. He points to Cisco’s history as one reason to buy.
Business
South Korea’s KOSPI fell almost 4%, accompanied by one of the weakest IPO debuts in the country’s history, with data centre company Elice tumbling around 30%.
Business
The proposed acquisition would give Bitget a route into Thailand’s crypto market through a locally licensed operator.