Capital markets·October 20, 2026 at 7:40 PM EDT·3 sources
Nvidia Moves to Back GPU Cloud Provider Firmus After Investors Balk at Its IPO
NVDA -0.6%
NVDA · last 30 trading days-2.5% since the news
News
What happened
- Nvidia is in talks to invest hundreds of millions of dollars in Australian AI cloud provider Firmus, according to people familiar with the talks.
- Firmus abruptly withdrew its initial public offering early this month after investors balked, while neoclouds face financial pressure from debt used to buy Nvidia graphics processors.
Potential investment
hundreds of millions of dollars
Why it matters
The discussions highlight continued Nvidia backing for neocloud companies despite financing pressure and investor caution around Firmus’s IPO.
Deal terms
raise
Nvidia → Firmus
Value
—
Investors
Nvidia
Read more on YouBank
The Newsroom, ranked for your desk
About ninety free sources every ten minutes, one story per event, read for you: bankers, investors, operators and students each get their own desk. Free to start.
Timeline
- First reported by The InformationOct 20Nvidia Moves to Back GPU Cloud Provider Firmus After Investors Balk at Its IPO
- Bloomberg reportsOct 20Nvidia in Talks to Back Firmus After IPO Flop, Information Says
- Techmeme reportsOct 21Sources: Nvidia is in talks to invest hundreds of millions of dollars in Firmus, which pulled its IPO earlier this month, citing market volatility (Phoebe Liu/The Information)
Who is involved
investing inNvidia Moves to Back GPU Cloud Provider Firmus After Investor…FirmustargetNvidiaNVDA · buyer
CompanyInvestorThe deal
Sources (3)
- The InformationOct 20Nvidia Moves to Back GPU Cloud Provider Firmus After Investors Balk at Its IPO
- BloombergOct 20Nvidia in Talks to Back Firmus After IPO Flop, Information Says
- TechmemeOct 21Sources: Nvidia is in talks to invest hundreds of millions of dollars in Firmus, which pulled its IPO earlier this month, citing market volatility (Phoebe Liu/The Information)
Related
- 18h · Two AI Chipmakers Make Up 34% of America’s Earnings Boom
- Yesterday · Block’s new voice model sounds eerily human
- Yesterday · Nvidia's role as AI financier faces first big test as neoclouds take market hit
- Yesterday · Hottest toy for Christmas? Nvidia CEO plays with adorable Microduck robots, 20,000 sell
- Yesterday · Turmoil hits AI buildout as neoclouds face pressure, credit risks mount and Solidigm pulls IPO
- Oct 23 · Apple is set to take back the market-cap crown from Nvidia. Upcoming earnings may push it over the top
Read more on YouBank
The Newsroom, ranked for your desk
About ninety free sources every ten minutes, one story per event, read for you: bankers, investors, operators and students each get their own desk. Free to start.
- Why it matters to youEvery story matched to your watchlist, your contacts and your pipeline.
- Follow developing storiesAn alert, and a push, the moment a story you follow moves.
- Your briefing, read aloudA few minutes each morning with a chapter per story.
- Brief modeSwipe through the day, a 20-second card each.