Investors are pushing back on sky-high AI valuations, and stock sales are getting harder

Bloomberg reports growing skepticism toward AI company valuations after the Firmus IPO collapse and pushback on Nscale's pricing Investors are asking tougher questions about the premium valuations attached to AI and AI-adjacent companies, according to a Bloomberg report published October 19, 2026. That skepticism is making it harder for these companies to sell stock, whether through IPOs or secondary sales. Firmus, an AI data center company, saw its IPO collapse within 48 hours in mid-October 2026 after failing to attract enough investor interest. Next up for scrutiny is Nscale Ltd., which is pursuing a valuation of roughly $30 billion for its upcoming IPO. Investors are pushing back, with estimates suggesting a more realistic range of $16 billion to $19 billion.

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