The rebound in industrial intelligence trading has been thwarted. The poor listing performance of a data center company in South Korea has once again raised market concerns about whether the AI spending boom will continue, and US stock index futures declined. At 8:29 New York time, S&P 500 futures fell 0.4%, Nasdaq 100 futures fell 0.8%, and Dow futures were basically flat. South Korea's Elice's poor performance after listing in Seoul weakened investors' interest in risky assets. The AI infrastructure provider's stock price plummeted 32%, making it the worst performance of a larger Korean company on the first day of listing. CoreWeave fell 4% before the market, and chip stocks resumed their decline. The collapse of Elice's listing echoes AI financing concerns raised by Australia's Firmus Grid Ltd. abandoning its initial public offering less than two weeks ago. Cavendish's Roger Lee said, “Concerns surrounding AI-related data center and infrastructure investments have continued to heat up for several days. Markets may need to see some reassuring signs that huge capital expenditures are paying off. But it's hard to see that right now.” Investors are currently waiting for large AI spending companies to announce their results to find clues about how long the huge investment will last and how rapidly it will grow in the future. SpaceX is expected to announce results after the market closes on Tuesday, while Meta Platforms Inc. will announce it on Wednesday. Traders will also focus on whether Netflix Inc. can once again launch hit movies and TV series, thereby reversing the $135 billion contraction in market value since this year.

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