Lambda Stock
| Valuation | $5.9B1, 2 |
| Valuation Date | Nov 18, 2025 |
| Implied Valuation | n/a |
| Last Price | $55.59 |
| 52-Week High | $75.68 |
| 52-Week Low | $33.67 |
| YTD Return | -1.89% |
| 1-Year Return | +19.19% |
| 3-Year Return | n/a |
| Total Funding | $2.36B1 |
| Latest Round Amount | $1.5B3 |
| Latest Round | Series E |
| Funding Rounds | 7 |
| IPO Status | Expected2 |
| Expected IPO Date | H2 2026 |
| Revenue | $520M4 |
| Revenue Type | TTM |
| P/S Ratio | 11.3 |
About Lambda
Lambda is an AI infrastructure company that rents out GPU computing power for training and running artificial intelligence models. The company builds and operates large data centers, which it calls AI factories, filled with Nvidia GPUs. It makes money by leasing this compute capacity to customers ranging from individual developers to large enterprises like Microsoft, which signed a multibillion-dollar deal for access to Lambda's GPUs in 2025. Lambda was founded in 2012 by brothers Stephen and Michael Balaban and is headquartered in San Francisco, California.
Invest in Lambda
Lambda is a private company, so you can't purchase it with a regular brokerage account. However, its shares are available on Clarity (formerly Hiive).
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News
Lambda to integrate open-source NVIDIA Run:ai with its Managed Kubernetes Service
Lambda plans to package NVIDIA's newly open-sourced Run:ai as a managed component of Lambda Kubernetes Service for GPU scheduling and sharing.
Lambda poaches AWS director to lead software and AI networking engineering
Former AWS networking director Fiachra Groarke joined Lambda as VP of cloud and AI networking to scale interconnects across its AI infrastructure.
AI computing startup Lambda to raise $4B ahead of planned IPO
Cloud provider Lambda is raising up to $4 billion at a $14.5 billion pre-money valuation, marking what could be its last private round before a planned 2027 IPO, according to The Wall Street Journal. ...
Nvidia-backed Lambda targets $4 billion raise ahead of planned IPO, WSJ reports
Nvidia-backed cloud-computing company Lambda is raising up to $4 billion at a pre-money valuation of $14.5 billion in what would be its final funding round before a planned initial public offering...
AI Neocloud Lambda Is Raising $4 Billion in Final Round Before Planned IPO
Nvidia-backed cloud-computing company Lambda is raising up to $4 billion in a final round of fundraising before the company's planned initial public offering, according to people familiar with the mat...
Lambda Closes $1 Billion Senior Secured Fixed Rate Financing
SAN FRANCISCO--(BUSINESS WIRE)--Lambda, Inc. (“Lambda”), the Superintelligence Cloud, today announced the closing of a $1 billion investment-grade, delayed draw term loan (the “Facility”) marketed to ...
Lambda closes $1 billion senior secured fixed rate financing
Lambda closed a $1 billion delayed-draw term loan on October 1, 2026 to fund GPU infrastructure for three committed customer deployments.
Lambda to build new data center in Mayes County, Oklahoma
Lambda announced plans on September 27, 2026 for a MidAmerica Industrial Park data center expected to pay about $500 million in taxes over ten years.
Anthropic signs $35 billion cloud deal with Nvidia-backed Lambda, source says
Anthropic has signed a cloud-computing deal worth $35 billion with Lambda, a cloud provider backed by Nvidia , a source familiar with the matter said on Monday.
Neocloud Lambda secures $1B in debt to buy more chips
Lambda, an AI cloud company that buys computing chips and rents them out to businesses, has raised $1 billion in private, short-dated debt to buy Nvidia's AI chips that it will lease to Microsoft, Blo...
Lambda Closes $926 Million Senior Secured Term Loan B Facility, Backing GPU Deployment for an Investment-Grade Customer
SAN FRANCISCO--(BUSINESS WIRE)--Lambda, Inc. (“Lambda”), the Superintelligence Cloud, today announced the closing of its $926 million senior secured term loan B facility (the “Facility”), first priced...
AI Cloud Provider Lambda in Talks for $3 Billion Pre-IPO Round
Bloomberg reports Lambda is in talks to raise as much as $3 billion at a valuation of $12 billion or more, with multiple term sheets received ahead of a possible IPO next year.
AI Cloud Provider Lambda in Talks for $3 Billion Pre-IPO Round
Bloomberg reports Lambda is in talks to raise as much as $3 billion at a valuation of $12 billion or more ahead of a possible 2027 IPO. Deal terms have not been finalized and the company did not comme...
Lambda Prices $926 Million Senior Secured Term Loan B Facility, the First Investment-Grade-Rated Term Loan B Financing by a Private Neocloud
SAN FRANCISCO--(BUSINESS WIRE)--Lambda, Inc. (“Lambda”), the Superintelligence Cloud, today announced it has priced a $926 million senior secured term loan B facility (the “Facility”) to support the c...
Lambda IPO banks hired with 2026 listing window
Lambda's November 2025 Series E valued the GPU cloud at roughly $5.9 billion as it prepared convertible pre-IPO financing tied to a listing timeline.
Lambda Partners with Hudson River Trading to Power Quantitative Research and Development
SAN FRANCISCO--(BUSINESS WIRE)--Lambda, The Superintelligence Cloud, today announced a partnership with Hudson River Trading (HRT), a leading quantitative trading firm, to accelerate HRT's trading res...
Lambda wins cloud deal with Hudson River Trading to supply access to Nvidia chips
Reuters reported Lambda signed a multi-year cloud contract to provide Hudson River Trading access to more than 1,000 NVIDIA Blackwell systems from capacity already installed in its data centers.
Lambda partners with Hudson River Trading to power quantitative research and development
Lambda announced a partnership giving Hudson River Trading access to NVIDIA HGX B200 infrastructure, networking, and orchestration to accelerate quantitative research workloads.
Lambda Closes $1 Billion Senior Secured Credit Facility to Meet Gigawatt-Scale AI Infrastructure Demand
SAN FRANCISCO--(BUSINESS WIRE)--Lambda, the Superintelligence Cloud, today announced the closing of a $1 billion syndicated senior secured credit facility. The financing upsizes Lambda's existing cred...
Lambda Assembles Leadership Team to Power Gigawatt-Scale AI Infrastructure for the Superintelligence Era
SAN FRANCISCO--(BUSINESS WIRE)--Lambda, the Superintelligence Cloud, today announced an expanded leadership structure assembled to match the scale of the opportunity in front of the company. As demand...
Lambda assembles leadership team for gigawatt-scale AI infrastructure
In May 2026 Lambda named Michel Combes CEO, moved co-founder Stephen Balaban to CTO, and added John Donovan as board chairman after its Series E raise.
Lambda Expands NVIDIA Collaboration, Large-Scale Deployments, and New AI Infrastructure Offerings
SAN FRANCISCO--(BUSINESS WIRE)--Lambda, the Superintelligence Cloud, today announced at NVIDIA GTC 2026 it is a launch partner for NVIDIA's Vera CPU platform and NVIDIA STX, the deployment of NVIDIA Q...
Lambda hires banks and plans H2 2026 IPO
Reporting indicates Lambda hired Morgan Stanley, JPMorgan, and Citi and raised about $1.5 billion in November 2025 at a $5.9 billion valuation.
Lambda in talks to raise $350M in pre-IPO funding
GPU cloud provider Lambda is targeting a second-half 2026 IPO and discussing pre-IPO financing led by Mubadala Capital after its $1.5 billion Series E.
Lambda Leads Early Adoption of NVIDIA Co-Packaged Optics for Next-Gen AI Factories
SAN FRANCISCO--(BUSINESS WIRE)--Lambda, the Superintelligence Cloud, today announced it is among the first AI infrastructure providers to integrate NVIDIA's silicon photonics–based networking. The shi...
Lambda is One of the First to Deploy NVIDIA Co-Packaged Optics for AI Infrastructure
SAN FRANCISCO--(BUSINESS WIRE)--Lambda, the Superintelligence Cloud, today announced it is among the first AI infrastructure providers to integrate NVIDIA's silicon photonics–based networking. The shi...
AI Cloud Company Lambda Raises Over $1.5 Billion
Lambda, a startup that rents out access to advanced artificial intelligence chips, said Tuesday that it raised over $1.5 billion in its latest funding round.
Lambda inks multi-billion-dollar AI infrastructure deal with Microsoft
Cloud-computing company Lambda deepened its relationship with Microsoft through a sizable AI infrastructure deal.
Lambda, Microsoft agree to multibillion-dollar AI infrastructure deal with Nvidia chips
AI cloud startup Lambda announced a multibillion-dollar partnership with Microsoft to build AI infrastructure powered by Nvidia chips. The Nvidia-backed firm has had a relationship with Microsoft sinc...
Cloud startup Lambda unveils multi-billion-dollar deal with Microsoft
Artificial intelligence cloud startup Lambda said on Monday it has entered into a multi-billion-dollar agreement with Microsoft to deploy tens of thousands of AI chip leader Nvidia's graphics processo...
Lambda Announces Multibillion-Dollar Agreement With Microsoft to Deploy AI Infrastructure Powered by Tens of Thousands of NVIDIA GPUs
SAN FRANCISCO--(BUSINESS WIRE)--Lambda, the Superintelligence Cloud, today announced a multibillion-dollar agreement with Microsoft to deploy AI infrastructure powered by tens of thousands of NVIDIA G...
Lambda Achieves NVIDIA Exemplar Cloud
SAN FRANCISCO--(BUSINESS WIRE)--Lambda, the Superintelligence Cloud, today announced it has achieved NVIDIA Exemplar Cloud Status, becoming one of the first GPU cloud providers worldwide to receive pe...
Lambda Appoints Heather Planishek to Board of Directors as Audit Chair
SAN FRANCISCO--(BUSINESS WIRE)--Lambda, the Superintelligence Cloud, today announced the appointment of Heather Planishek to its Board of Directors, where she will serve as Audit Chair. Planishek brin...
Lambda and ECL Bring the First Hydrogen-Powered NVIDIA GB300 NVL72 Systems Online
SAN FRANCISCO--(BUSINESS WIRE)--Lambda, the Superintelligence Cloud, today announced the deployment of the industry's first hydrogen-powered, production-grade NVIDIA GB300 NVL72 systems at ECL's Mount...
Lambda Builds AI Factories with Supermicro NVIDIA Blackwell GPU Server Clusters to Deliver Production-ready Next-Gen AI Infrastructure at Scale
Expanded AI infrastructure with faster results with Supermicro's GPU-optimized servers Large-scale AI factories for training and inference deployed in record time Supermicro's advanced liquid-cooling ...
AI cloud startup Lambda raises $480 million in new round; Nvidia among investors
Lambda, a cloud computing firm specializing in providing hardware and services to power artificial intelligence development, has raised $480 million in a Series D equity round from investors including...
Lambda Announces Strategic Partnership with SK Telecom to Expand Cloud Services in South Korea
SAN JOSE, Calif.--(BUSINESS WIRE)--Lambda, the AI developer cloud, today announced a partnership with South Korea's largest mobile telecommunications company, SK Telecom (SKT). Amid increasing demand ...
Lambda Launches First Self-Serve, On-Demand NVIDIA HGX H100 and NVIDIA Quantum-2 InfiniBand Clusters for AI Model Training
SAN JOSE, Calif.--(BUSINESS WIRE)--Lambda, the GPU cloud company founded by AI engineers and powered by NVIDIA GPUs, has unveiled Lambda 1-Click Clusters, providing AI engineers and researchers short-...
Lambda secures $500 mln loan with Nvidia chips as collateral
Lambda has secured a $500 million loan from lenders including Macquarie Group with Nvidia's much-coveted chips as collateral, the specialty artificial intelligence cloud provider said on Thursday.