Elice Group IPO plunges 30% on debut, signaling AI investor jitters

The weak debut of Elice Group comes as investors are already showing signs of caution about the AI trade. New analysis shows they are upping purchases of credit default swaps linked to bonds issued by chipmakers and data center builders, a move that suggests growing demand for protection against potential defaults in those areas. Even as stock markets appeared to have recovered from a bearish run, this shift in bond-market behavior points to underlying concerns. The Economist noted that investors are pricing in a debt stock that is getting bigger, more opaque — and increasingly risky. With Meta, SpaceX, and Tesla all set to report earnings this week, those results should provide much-needed clarity on the extent of their investment plans and how they intend to finance them.