Nvidia-backed AI cloud firm Nscale reveals revenue surge in US IPO filing
Nscale, a British cloud service backed by Nvidia, disclosed a staggering 1,252% rise in earnings for the first half of 2026. The company reported a net loss of $1.02 billion on $140.6 million in revenue, a stark contrast to the $368.9 million loss and $10.4 million revenue in the same period last year, as per its IPO filing. The IPO is expected to gauge investor interest in AI infrastructure after recent market downturns triggered by CEOs' calls for a slowdown in AI development.
Matt Kennedy, a senior strategist at Renaissance Capital, noted the current market climate is different from the previous euphoria. Nscale, seeking a multibillion-dollar valuation, is targeting a listing on the NYSE under the symbol NSCL.
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Also reported by 3 other outlets
- AI cloud firm Nscale reveals revenue surge in US IPO filing investing.com
- AI cloud firm Nscale files for US IPO channelnewsasia.com
- AI cloud provider Nscale files to go public cnbc.com
