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Nvidia discusses hundreds of millions of dollars investment in Permus Grid following IPO withdrawal

Bloomberg +1 ·

NVDA NVIDIA Corp
$216.47 -0.29%
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  1. 1Nvidia is in discussions with Permus Grid regarding an investment worth hundreds of millions of dollars.
  2. 2The company's plan to go public with a valuation of over 30 billion dollars, set during its initial IPO plans, was withdrawn in early October.
  3. 3Over the past month, CoreWeave Inc's value has seen a decline of approximately 27%.

So what's the key point?

Nvidia is discussing a plan to invest hundreds of millions of dollars in Permus Grid. This company has canceled its plans to go public.

Source Bloomberg +1 · View original ↗

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