Economy · World
AI Cloud Firm Nscale Files for US IPO Amid Revenue Surge
Nscale, a British cloud provider backed by Nvidia, has filed for an Initial Public Offering (IPO) in the United States. The company reported a 1,252% revenue surge in the first half of 2026, reaching $140.6 million. Despite the revenue growth, Nscale posted a net loss of $1.02 billion during the same period. The filing indicates Nscale aims to capitalize on investor interest in artificial intelligence stocks.
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- Centre (4): CNBC, Channel News Asia, Financial Times, The Wall Street Journal