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Yhn TechnologySemiconductors first seen 3 d ago, last 22 min ago, peak #1

Nvidia-backed Firmus scraps IPO amid AI valuation concerns

Original: Nvidia-backed data centre firm Firmus scraps IPO as AI valuation concerns deepen

Firmus, a data centre company backed by Nvidia, has cancelled its planned stock market flotation. The withdrawal comes as doubts grow about the valuations of companies riding the AI infrastructure boom, with investors increasingly questioning whether spending on data centres and chips is sustainable. It adds to signs that market enthusiasm around AI-related listings may be cooling.

Why now: It fuels the current debate over whether AI-linked companies are overvalued and whether the sector's funding boom is cooling.

FirmusNvidia

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