Nvidia-Backed Firmus Hits $10.5B Valuation After $2B Raise
NVDA sits 34% above its 52-week low of $164.07.
Summary
Firmus, an AI infrastructure company, raised $2 billion in equity, nearly doubling its valuation to over $10.5 billion in just four months. Nvidia participated in the round alongside Coatue, Blackstone funds, and Jane Street. The capital will accelerate Project Southgate, Firmus's initiative to build AI training and inference infrastructure in Australia and expand into Asia-Pacific markets. For Nvidia, this reinforces its ecosystem strategy—Firmus builds on Nvidia's DSX AI Factory Reference Architecture and recently struck a deal to buy Nvidia infrastructure and sell Nvidia-powered cloud services. The rapid valuation increase signals strong demand for AI infrastructure in the region, which could drive further Nvidia hardware sales. Blackstone (BX) also participated, but the primary impact is on Nvidia's AI ecosystem growth.
At the time of this announcement, NVDA was trading at $219.42 on NASDAQ in the Technology sector, with a market capitalization of approximately $5.3T. The 52-week trading range was $164.07 to $236.54. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: Reuters.