AI Cloud Soars, Then Loses 1 Trillion Won in Market Value Overnight

DigitalOcean Holdings Inc. (NASDAQ: DOCN) saw its shares fall 5.7% to close at $137.06 on the New York Stock Exchange on the 26th, erasing approximately $770 million in market value—nearly KRW 1 trillion. Trading volume surged past 6.88 million shares, well above the norm, and the company’s market capitalization now stands at roughly $14.3 billion (about KRW 20 trillion).

With no new disclosures or earnings announcements, investors are attributing the pullback to profit-taking and a potential short-term correction following the sharp rally driven by its first-quarter earnings surprise and upwardly revised guidance in May. Previously, DigitalOcean raised around $700–800 million through a public offering to fund its AI infrastructure expansion.

DigitalOcean, a U.S. Infrastructure-as-a-Service (IaaS) provider serving small- and mid-sized businesses as well as developers, has grown by emphasizing simple pricing and ease of use. It has recently expanded its portfolio to include inference-cloud services for AI application development and is pursuing an aggressive growth strategy, including raising its revenue-growth targets for the post-2026 period.