Update: Market Chatter: Lambda Raising Up to $4 Billion Ahead of Planned IPO
MT newswire2026/10/06 18:0502:05 PM EDT, 10/06/2026 (MT Newswires) -- (Updates to add Blackstone's ticker in the symbol box and within the story.) Nvidia (NVDA)-backed cloud computing firm Lambda is raising up to $4 billion in a final funding round ahead of its planned initial public offering in 2027, The Wall Street Journal reported Tuesday, citing people familiar with the matter. The new funding would give Lambda a valuation of $14.5 billion, excluding the amount raised, the report said. Blackstone (BX) and Coatue Management are leading the round, according to the report. Nvidia participated in Lambda's 2025 series D funding round. Lambda did not immediately respond to MT Newswires' request for comment. (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.) Price: 240.25, Change: +1.35, Percent Change: +0.57
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
WTI Crude Oil Surpasses $90 per Barrel, Up 0.63% for the Day
The Pound climbs against the Japanese Yen as the BoJ gives no hike signal
Oil and AI chip imports drive U.S. August trade deficit to expand to 105.6 billions, reaching a 17-month high
The U.S. trade deficit widened to $105.6 billion in August, reaching its highest level since March 2025, with imports hitting a record $420.8 billion. This surge was mainly driven by a significant rise in semiconductor and capital goods imports due to AI data center construction. The larger-than-expected deficit led Goldman Sachs and the Atlanta Fed to lower their third-quarter GDP forecasts.
The New Zealand Dollar edges off its low as the US Dollar slips
Crypto prices
More
