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On Sept. 10, Nvidia (NVDA) CEO Jensen Huang told a room of Wall Street investors that a new crop of "neoclouds" was close to going public. He named Firmus on that short list.
Neoclouds are newer cloud companies that rent out AI computing power. They secure the land and electricity for AI data centers run by hyperscalers. Despite the optimism surrounding the AI trade, Firmus — a neocloud backed by Nvidia — withdrew its initial public offering last week.
