Saturday, 19 September, 2026
High Growth, Heavy Losses: Nvidia-Backed Nscale Files for U.S. IPO
By TechShots Studio
Nvidia-backed AI cloud provider Nscale has filed for a U.S. IPO seeking up to $3 billion on the NYSE. The London-based company revealed a massive revenue surge to $140.6 million for the first half of 2026—up over 1,200% year-over-year. However, aggressive data center expansion and GPU investments widened net losses to $1.02 billion.