Nasdaq Futures Slip as Elice IPO Failure Revives AI Sector Concerns

Key Facts

1Nasdaq futures fell 0.7% following a 30% plunge in the trading debut of South Korean AI firm Elice.

2The French OAT-Bund spread widened to 151bps, nearing recent highs amid renewed fiscal stress in France.

3Leveraged AI names including CoreWeave and Nebius saw premarket declines, giving back previous gains.

Nasdaq futures fell 0.7% following a 30% plunge in the trading debut of South Korean AI firm Elice, Reuters reported. The collapse of the data-center company's IPO revived investor skepticism regarding the returns on massive AI capital expenditures, triggering premarket declines in leveraged AI names including CoreWeave and Nebius.

Market sentiment was further pressured as the French OAT-Bund spread widened to 151bps amid renewed fiscal stress in France. In individual equity movements, NBIS closed at $170.24 on October 19, 2026, while CRWV closed at $61.12 on the same date.