MAAS Group (ASX:MGH) shares rose 4.84% to A$3.90 on Wednesday after reports that Nvidia is considering further financial support for AI data-centre developer Firmus. Firmus withdrew its planned A$5 billion ($3.3 billion) IPO earlier this month amid investor concerns over its proposed valuation of about A$44 billion ($30.5 billion), financing needs and limited operating track record. According to The Information, Nvidia is in talks to invest hundreds of millions of dollars, but the deal is unconfirmed and its terms have not been finalised. MAAS holds a 3.2% stake in Firmus and has construction contracts linked to its projects, so its outlook depends on Firmus's ability to fund its expansion.
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NVDA
▲ Likely positiveNvidia
Relevance: low
| Market | US stocks |
|---|---|
| Sector | Information Technology |
| Industry | Semiconductors |
| Market cap | $5.2T |
| Close on 10/20/2026 | 216.48 |
| Change that session | -0.28% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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