Nvidia Partner SMC Raising $950 Million to Tap AI Server Boom [Yahoo! Finance]
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NVIDIA Corporation (NVDA)
Last nvidia corporation earnings: 2/13 04:20 pm
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Source: Yahoo! Finance
(Bloomberg) -- Singapore data center upstart Sustainable Metal Cloud is raising about $950 million in fresh funds, seeking to tap the global artificial intelligence boom to spur its growth. Most Read from Bloomberg Harris Just Showed Why Trump Is So Afraid of Her I Changed My Mind. The Fed Needs to Cut Rates Now. What Initial Polling Data Show About the Trump-Harris Matchup Harris Targets Trump by Raising Threat of ‘Extreme' Project 2025 Biden Says Time for ‘Younger Voices' in Oval Office Speech The company, an affiliate of Australia's Firmus Technologies, is finalizing an initial equity round of about $400 million, people familiar with the matter said. The six-year-old firm is also in the process of raising $550 million in debt, the people said, asking not to be identified as the plans are private. SMC is among data center companies targeting Asia as global tech conglomerates and AI startups seek computing capacity for their services. It offers companies use of advan
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NVDA
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- 9/5/24 - Form 144
- NVDA's page on the SEC website