Nvidia weighs hundreds of millions for Firmus; Maas Group up 4.84%

Firmus had been pursuing a public listing that would have valued it at about A$44 billion ($30.5 billion), nearly three times the level of its August funding round, but pulled the offering earlier this month as investors balked at the valuation, financing needs and the company's limited operating history. The collapse of that listing weighed on Maas Group shares, as investors reassessed both the worth of its 3.2% stake and the outlook for its related construction contracts. Reports that Nvidia is now considering a private investment of hundreds of millions of dollars offer a possible alternative funding route for Firmus as it pursues AI infrastructure ambitions across Australia and the wider Asia-Pacific region. The talks are not confirmed as a completed investment, and the terms and size of any potential financing have not been finalised publicly. The situation reflects wider investor scrutiny of AI data-centre costs, with higher financing requirements and uncertain returns prompting several infrastructure companies to reconsider major fundraising plans.