StocksMedium•6 October 2026•
1 min read
Nvidia-Backed Lambda Seeks $4 Billion Ahead of 2027 IPO
Key Facts
1AI cloud provider Lambda is targeting a $4 billion fundraise in its final private round.
2The Nvidia-backed company plans to launch an initial public offering (IPO) in 2027.
AI cloud provider Lambda is targeting a $4 billion fundraise in its final private round. The Wall Street Journal reported that the Nvidia-backed company plans to launch an initial public offering (IPO) in 2027.
This expansion occurs as NVDA shares closed at $238.9 on October 5, 2026. During the same period, related semiconductor stocks showed varied performance, with AMD closing at $631.75 and TSM at $485.8 on October 5, 2026.