Nvidia is reportedly in talks to invest hundreds of millions of dollars in Firmus, which cancelled its planned IPO at a valuation of up to A$44bn (£23bn) citing market volatility. The report, from The Information, comes amid a sell-off that has hit AI data-centre “neoclouds” that rely heavily on debt, with CoreWeave shares down more than a quarter in the past month and NextDC falling more than 40% after a project delay. Billionaire Ken Griffin said AI is “almost certainly” in a bubble, while Nvidia, which owns around 7% of Firmus, has been called the “central bank of AI.” The article also says Nvidia is preparing to invest $1bn in Nscale next month, either as equity or convertible debt, after Microsoft pulled out of a deal for Nscale’s Essex data centre.
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NVDAdata centersCoreWeaveAI investment
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| Market | US stocks |
|---|---|
| Sector | Information Technology |
| Industry | Semiconductors |
| Market cap | $5.2T |
| Close on 10/20/2026 | 216.48 |
| Change that session | -0.28% |
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