Market Chatter: Lambda in Talks to Raise Up to $3 Billion Ahead of Possible IPO

08:05 PM EDT, 08/24/2026 (MT Newswires) -- Lambda, an AI cloud-computing provider backed by Nvidia (NVDA), is in talks to raise as much as $3 billion in a funding round that could position it for an initial public offering next year, Bloomberg reported Monday, citing people familiar with the matter. The company has discussed a valuation of as much as $12 billion or more, the people said, adding that discussions are ongoing and deal terms have not been finalized, according to the report. Lambda has already received multiple term sheets for the round, and some people close to the company said it could pave the way for an IPO as soon as next year, the report said. The company is expected to generate more than $1.5 billion in revenue this year, the report said, citing some of the people. Lambda did not respond to a request for comment from MT Newswires. (Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)