Tech Slips as AI Sustainability Fears Linger - Tech Roundup
Shares of technology companies slipped as concerns about the sustainability of the debt-fuelled artificial-intelligence boom lingered.
CoreWeave shares rose slightly, recouping intraday losses of more than 6%, alleviating some fears about the cloud-computing firm's ability to repay debt incurred to build data centers.
Elice, a South Korean cloud-computing firm attached to the AI boom, fell by more than 30% on its stock-market debut.
SpaceX shares rose in late trading after the rocketry and AI firm posted third-quarter net income of $4.4 billion, as revenue in the third quarter more than doubled over the same period last year.
Amazon said it plans to hire more than 300,000 workers for its U.S. operations this holiday season.
Google's cloud service underwent London region outages that disrupted major U.K. providers of digital banking services such as HSBC, Lloyds and Revolut.
Write to Rob Curran at rob.curran@dowjones.com
(END) Dow Jones Newswires
October 20, 2026 17:42 ET (21:42 GMT)
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