Nvidia-Backed IPO’s Cratering Demand Sends Warning on AI Funding

(Bloomberg) -- The sudden plunge in demand for an Nvidia-backed data center company's initial public offering is revealing fresh cracks in the AI funding boom. Most Read from Bloomberg UPS Worker Missed Email, Letting China Get F-35 Parts Apple to Launch Doorbell, Lock, Thermostat Developed With LG Dalio Says We're Nearing Point Where AI Bubble May Burst Trump's Tariffs Give Carney Cover to Fast-Track Canada Building Push SpaceX in Talks to Borrow $40 Billion to Buy Nvidia Chips The planned $5.5 billion listing by Australia's Firmus Grid Ltd. has become shrouded in uncertainty after the deal failed to attract adequate support for the A$11 marketed share price, according to people familiar with the matter.