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Nscale's US$35 billion IPO faces fresh uncertainty after Microsoft rejects Texas AI capacity expansion
What happened
UK-based AI computing infrastructure startup Nscale, backed by Nvidia, is planning a US$35 billion initial public offering (IPO) in 2026. However, Microsoft, one of its major customers, has reportedly decided not to exercise an option to expand its computing capacity lease at a Texas data center. This decision leaves Nscale's US$35 billion IPO facing fresh uncertainty. The source does not state the cause of Microsoft's rejection.
Impact and signal
Medium impactImpact score: 55/100
Affected components and suppliers
computing capacity lease at a Texas data center
IPOAI data centerlease expansionNscaleMicrosoftNvidia
Source and time
Source: DigiTimes Asia · 11/5/2026 · View original source
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