According to a report by The Information, Nvidia (NVDA) is in discussions about investing hundreds of millions of dollars in Australian AI cloud infrastructure provider Firmus Grid, in which it already holds an equity stake. The talks follow Firmus Grid's decision earlier in October to abandon a planned Australian IPO, which had a valuation exceeding $30 billion, citing recent market volatility. The cancellation came amid falling valuations for AI and cloud infrastructure companies, as investors weigh rising debt and the long-term financing needed to expand computing capacity, and CoreWeave (CRWV) shares have lost about 27% over the past month. The Information did not report a confirmed agreement, and the investment amount, deal structure and timing remain unconfirmed.
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NVDAIPOcloud computingCoreWeaveAustralia
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Related tickers and likely impact
NVDA
• NeutralNvidia
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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