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Firmus Technologies, the Nvidia-backed AI data center company, pulled what would have been Australia's biggest IPO since Telstra in 1997 after investors balked at its roughly A$44 billion valuation and A$11-a-share price. Firmus says it will now pursue private funding.

$50 billion in annualized revenue for OpenAI at the end of September sent Nvidia, Oracle, CoreWeave and other AI stocks lower.

Securitize will first list tokenized shares of Apple, Nvidia and Tesla on its Solana platform, with later expansion planned to NYSE and OKXICE.

Ripple's $1.25 billion acquisition of Hidden Road gives the crypto firm a foothold in financing leveraged bets on stocks such as Nvidia. The unit has long been a bank domain.