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Nvidia-Backed Fermus Wanted $30 Billion Valuation on Just $51 Million in Revenue | WAPE

Newsbenzinga

Nvidia-Backed Fermus Wanted $30 Billion Valuation on Just $51 Million in Revenue

Oct 9, 2026, 14:20 ET · Published

Article summary

Firmus scrapped its IPO after seeking a $30 billion valuation despite generating just $51 million in fiscal 2026 revenue.

An excerpt from the original article.

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