Market brief
Nvidia participates in Nscale's US IPO
Quin Partners · Market Intelligence
On September 19, Nvidia participated in the vertically integrated AI infrastructure in London, UK, and GPU cloud computing company Nscale applied for a US IPO, seeking to trade its shares on the New York Stock Exchange under the code "NSCL".
The company has revenue of $33 million in 2025, compared to $19.1 million in the previous year.
Net loss of $761.8 million in 2025, compared to a loss of $78.2 million in the previous year.
Revenue in the first half of 2026 was $140.6 million, compared to $104.0 million in the same period last year.
A net loss of $1.02 billion in the first half of the year and a net loss of $368.9 million in the same period last year.
In the first half of the year, the adjusted operating loss ratio was 199%, compared with 185% in the same period last year.
Those agreements with Anthropic bring in up to about $44.6 billion (in disbursements).