AI Demand Skepticism Hammering Asian Markets and Data Center Deals
A Gartner analyst's claim that AI returns don't yet justify neocloud build-out is being blamed for a tech selloff hitting Seoul and Tokyo. Simultaneously, a major compiled list of collapsed data center deals is circulating widely.
What we know
An account on X reports Seoul shares opening sharply lower on renewed AI concerns, while the Nikkei also slipped on the same narrative. Another account on X published a full list of data center deals that have been postponed, pulled, or collapsed (361 likes, 56 RTs, 59K views). Another account on X quotes the Gartner analyst on CNBC saying 'we have more compute capacity than demand,' while another account on X sees $MU opening lower, attributing it to KOSPI weakness. On the rumor side, another account on X pushes back on Google TPU v9 delay rumors, saying the glass substrate narrative is technically wrong.
By the Global Eye 24 desk, with AI assistance. Updated as the story develops. Spot an error? Write to corrections@globaleye24.com.