Markets·October 20, 2026 at 10:37 AM EDT·1 source
Elice Plunges in Trading Debut; General Motors Falls on Forecast | Stock Movers
GM -1.7%GE
GM · last 30 trading days-8.3% since the news
News
Elice intraday decline38%
Elice debut-day decline32%
What happened
- Elice fell as much as 38% and finished its trading debut down 32%.
- The selloff revived concerns about neoclouds as higher borrowing costs and doubts over returns from AI spending weighed on investor appetite.
- General Motors fell on its forecast, while GE Aerospace moved after raising its full-year outlook.
Elice intraday decline
38%
Elice debut-day decline
32%
Why it matters
The debut highlights continued investor scrutiny of AI-related business models, financing costs and expected returns. The moves also provide a read-through for technology and industrial companies exposed to AI spending and cyclical forecasts.
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Timeline
- EarlierOct 19Stock Market Today: Stock Futures Rebound After Friday's Tech Selloff
- EarlierOct 20Jim Cramer's top 10 things to watch in the stock market Tuesday
- First reported by BloombergOct 20Elice Plunges in Trading Debut; General Motors Falls on Forecast | Stock Movers
Who is involved
Elice Plunges in Trading Debut; General Motors Falls on Forec…EliceGeneral MotorsGMGE AerospaceGE
Company
Sources (1)
Related
- Oct 20 · Jim Cramer's top 10 things to watch in the stock market Tuesday
- Oct 23 · GM Analysts Say Buy the Dip as Stock Eyes Worst Week Since 2025
- Oct 19 · Stock Market Today: Stock Futures Rebound After Friday's Tech Selloff
- Oct 21 · GM Aims to Bring ‘Eyes-Off’ Driving to AI-Powered Cars Within 2 Years
- Oct 21 · GM aims to leapfrog rivals with new generation of autonomous cars
- Oct 21 · GM is betting compute and AI will help it compete with Chinese automakers
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