Nvidia-Backed Lambda Eyes H1 2026 IPO, Taps Morgan Stanley, J.P. Morgan & Citi
Lambda, an AI cloud provider that rents on‑demand GPUs, has reportedly hired Morgan Stanley, J.P. Morgan and Citi as bankers for a potential IPO as early as H1 2026. The Nvidia‑backed company has raised over $1.7B (including a $480M Series D in February) and could follow rival CoreWeave, which went public in March.