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Stockreport

Nvidia-Backed Data Center Builder Firmus Raises $505 Million [Yahoo! Finance Canada]

NVIDIA Corporation (NVDA)  More Company Research Source: Yahoo! Finance Canada
Last nvidia corporation earnings: 2/13 04:20 pm Check Earnings Report
US:NASDAQ Investor Relations: investor.nvidia.com/home/default.aspx
The deal values the Australian startup at $5.5 billion, Firmus said Monday. Nvidia Corp., the top maker of AI accelerator chips, also participated in the round. The cash will go toward rapidly deploying AI hardware based on forthcoming Nvidia computer technology in the Asia-Pacific region. Firmus, which has data center projects in Australia and Singapore, has raised $1.35 billion in the last six months, including this latest transaction. Firmus is leading an effort called Southgate, a plan to build data center capacity in Australia that runs on renewable energy, starting with a site in Tasmania. That facility will house computers based on 36,000 Nvidia accelerator chips after its first two rounds of technology deployments. The powerful processors help develop and run AI models by bombarding them with data. Nvidia, often in partnership with venture capital investors, has invested billions of dollars in AI companies. It's aiming to help cultivate an industry that has already fuel [Read more]
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Stockreport

Nvidia-Backed Data Center Builder Firmus Raises $505 Million [Yahoo! Finance Canada]

NVIDIA Corporation  (NVDA) 
More Company Research Source: Yahoo! Finance Canada
Last nvidia corporation earnings: 2/13 04:20 pm Check Earnings Report
US:NASDAQ Investor Relations: investor.nvidia.com/home/default.aspx
The deal values the Australian startup at $5.5 billion, Firmus said Monday. Nvidia Corp., the top maker of AI accelerator chips, also participated in the round. The cash will go toward rapidly deploying AI hardware based on forthcoming Nvidia computer technology in the Asia-Pacific region. Firmus, which has data center projects in Australia and Singapore, has raised $1.35 billion in the last six months, including this latest transaction. Firmus is leading an effort called Southgate, a plan to build data center capacity in Australia that runs on renewable energy, starting with a site in Tasmania. That facility will house computers based on 36,000 Nvidia accelerator chips after its first two rounds of technology deployments. The powerful processors help develop and run AI models by bombarding them with data. Nvidia, often in partnership with venture capital investors, has invested billions of dollars in AI companies. It's aiming to help cultivate an industry that has already fuel [Read more]
IMPACT SNAPSHOT
EVENT TIME:
NVDA
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Price Change %
Volume Shares
Max Up
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%
Don't Miss Out On The Next BIG Stock Move
Performance comparison Updated
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
LAST PRICE AT
NEWS EVENT
SINCE EVENT
Multi-day stock performance from the time of the news release
LAST PRICE
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High:
MAX UP
High:
Low:
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%
 POST NEWS RANGE
%
PRICE CHANGE
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%
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%
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TICKS
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EVENT DAY
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