A 60% spike in Firmus’ valuation hasn’t deterred two of its biggest backers, who are poised to tip in to its latest private raise.
Nvidia
NASDAQ:NVDA
A new Nvidia-backed facility in Indonesia marks another strategic shift for Firmus as its long-anticipated ASX listing remains on ice.
The $4 trillion chipmaker’s strategy of investing in its own customers has been highly criticised, including by a prophet of the global financial crisis. Now it has come to Australia.
Nvidia's jaw-dropping quarterly result is once again raising a key question: is the artificial intelligence boom a bubble, or a megacycle for the ages?
Data centre operators such as Macquarie Technology and DigiCo are feeling vindicated, but ASX-focused fund managers warn that the ingredients for an AI bubble are still in place.
His private vehicle Consolidated Press reported a profit of $323.9 million on revenues of $5.9 billion in the last financial year, and it will pay a $110 million dividend.
Nvidia’s Jensen Huang is telling anyone who will listen that there is no AI bubble. OpenAI’s revamp and Big Tech results will put that faith to the test.
