Friday, 9 October, 2026
AI Infrastructure Bubble Check: Firmus Pulls $5B Listing
By TechShots Studio
Nvidia-backed AI data center operator Firmus has scrapped its planned $5 billion Australian IPO due to weak demand and investor pushback over high valuations. The failed listing—which aimed for a $30 billion valuation—underscores growing market skepticism toward capital-intensive AI infrastructure projects, prompting the company to withdraw its ASX application and pursue private funding instead.
Read full story at REUTERS