AI Cloud Stocks Set to Unlock, Over 1 Trillion Won Vanishes in a Day

DigitalOcean Holdings, Inc. (DOCN) traded at $153.38 on the New York Stock Exchange on May 12, down 5.74% intraday, wiping out roughly $870 million in market value (about KRW 1.2 trillion). Trading volume surged to approximately 1.97 million shares—well above the norm—bringing its current market capitalization to about $16 billion (around KRW 22 trillion).

The recent pullback is attributed to supply concerns following an earnings‐driven rally in early May, a major shareholder’s disclosure to sell hundreds of thousands of shares, and the May 9 expiration of lockup agreements covering over 90 million shares.

In the first quarter of fiscal 2026, revenue rose about 22% year-over-year, while AI-related recurring revenue grew by more than 200%. As a result, the company has raised its revenue outlook for both 2026 and 2027.

DigitalOcean is a U.S. technology company offering cloud infrastructure services to small and medium‐sized businesses, startups, and developers. It has grown by emphasizing a simple pricing model and a developer-friendly environment.

Recently, the company has been aggressively expanding its investments in AI infrastructure—such as AI inference‐only cloud services—targeting mid- to long-term growth above 50%. Consequently, its share price may remain highly volatile in response to future earnings results and capital market events.