Market Chatter: Nvidia in Talks to Financially Back Firmus, After Stalled IPO

03:49 AM EDT, 10/21/2026 (MT Newswires) -- Nvidia (NVDA) is discussing investing hundreds of millions of dollars into Firmus, which pulled its initial public offering earlier in October, The Information reported on Tuesday, citing anonymous sources. Firmus, an Australian AI cloud provider or neocloud, is also a customer of Nvidia's, having gone into debt to purchase the chipmaker's graphics processing units for data centers. Firmus is attempting to privately raise at least $2 billion in the wake of its paused, $5 billion IPO, into which Nvidia was also poised to invest. Nvidia has put more than $170 billion into firms as Firmus, and other large customers, including credit guarantees to help them issue debt, an analysis by The Information concluded. Representatives from Nvidia and Firmus did not immediately respond to a request for comment from MT Newswires. (Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)