Nscale, a London-based cloud provider focused on AI infrastructure, has filed for an initial public offering on the New York Stock Exchange under the symbol NSCL. Its prospectus shows revenue jumped over 1,250% to $140.6 million in the first half of 2026, though the company posted a $1.02 billion net loss for the period and reports $56.4 billion in remaining performance obligations. Nscale rents out Nvidia GPUs to clients including OpenAI, Anthropic and Microsoft, and one undisclosed customer made up more than half of its first-half revenue.
cnbc.com
· 2026-09-18
Dell Technologies stock surged 10% on Friday after RBC Capital Markets began coverage with an outperform rating and a $640 price target. The move adds to a rally that has already lifted Dell shares nearly 350% in 2026, driven by its growing role supplying Nvidia-based servers to cloud and enterprise customers building out AI infrastructure.
cnbc.com
· 2026-09-11
Snowflake reported fiscal second-quarter revenue of $1.55 billion, up 35% year over year, and adjusted earnings of 62 cents per share, both beating analyst expectations. The company raised its full-year product revenue forecast to $6.07 billion and pointed to growth in its CoCo AI coding agent, which now serves over 9,100 accounts after adding 2,000 in the quarter.
cnbc.com
· 2026-09-02
Iran reportedly struck two U.S. bases in Jordan after American forces hit Iranian rocket launchers on Larak Island, the first direct exchange of fire between the two countries in over a month. The clash, confirmed by U.S. Central Command, followed concerns that Iran was preparing to launch sea-mine-equipped rockets into the Strait of Hormuz, and it sent oil prices up more than 3%. Meanwhile, Treasury Secretary Scott Bessent and Fed Chair Kevin Warsh headed to North Carolina for G20 finance meetings, and Trump separately announced a deal giving the U.S. control over more than 65 billion barrels of Venezuelan oil reserves.
cnbc.com
· 2026-08-31
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