Capitalist Insider: Nvidia-backed Firmus scraps $30B IPO as Barclays cuts AI enterprise outlook

“We don’t see a meaningful AI inflection yet”

Hello Capitalist Insiders!

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• Nvidia-backed Firmus scraps $30B IPO as Barclays cuts AI outlook

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Nvidia-backed Firmus scraps $30B IPO as Barclays cuts AI enterprise outlook

Australia’s biggest IPO in three decades collapsed when Firmus pulled a nearly $5 billion listing, while Barclays downgraded HPE, Dell and NetApp on the absence of a clear enterprise AI revenue lift.