Nscale, a cloud infrastructure provider for AI models, has filed to go public on the New York Stock Exchange under the ticker NSCL. The company reported a 1,252% revenue increase to $140.6 million in the first half of 2026, though it posted a net loss of $1.02 billion. Nscale serves major AI labs like OpenAI and Anthropic and rents Nvidia GPUs for AI training and inference. It plans to expand by acquiring AI software startup Anyscale and recently added former OpenAI exec Fidji Simo to its board. The IPO aims to capitalize on growing demand for AI computing power.
Nvidia (NVDA), a key supplier of GPUs for AI companies like Nscale, trades at USD 221.80 on Pluang, up 1.12% as of Sep 19, 2026 03:11 WIB. The stock holds a massive market cap of $5.30 trillion and an enterprise value of $5.27 trillion, reflecting its dominant position in technology infrastructure. This context highlights the critical role Nvidia plays in powering AI cloud providers amid Nscale's IPO plans.
The XLK ETF, marketed as a diversified large-cap tech fund, is heavily concentrated in semiconductor stocks, with about 42% of its portfolio in chip-related companies like Nvidia, AMD, and Broadcom. This concentration is due to the fund's benchmark a...
Anthropic's CEO Dario Amodei has proposed a plan to slow down AI development by involving independent safety evaluators and encouraging cooperation among AI labs in democratic countries. This initiative aims to address safety concerns following a rec...
Broadcom is emerging as a key player in AI semiconductor chips, building custom silicon optimized for large language model workloads, which can outperform GPUs like Nvidia's at half the cost. The company already supplies major customers including Goo...
JPMorgan Chase CEO Jamie Dimon is set to attend a state dinner hosted by President Donald Trump for Chinese leader Xi Jinping in Washington next week. Other notable attendees reportedly include OpenAI CEO Sam Altman and Nvidia CEO Jensen Huang. The g...
Nvidia shares have surged over 900% in five years and are projected to climb further, potentially hitting $400 by the end of 2027. This forecast is driven by rising earnings estimates, with FY2028 EPS expected to reach $15.57, and strong demand for A...
