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Cerebras IPO signals market caution amid AI deployment delays and high valuations.
Cerebras Systems is set to go public with an IPO expected to value the company at over $50 billion, despite underlying operating losses. This IPO highlights market concerns as AI deployment at scale remains slow, with only 19% of companies reporting ...
Chinese solar firms cut U.S. stakes amid Trump-era subsidy cuts and IPO withdrawals signal tighter U.S.-China market controls.
Chinese solar manufacturers are reducing their ownership in U.S. operations due to new Trump administration rules limiting subsidies for China-linked solar panels made in the U.S. Companies like JinkoSolar are selling majority stakes in their U.S. su...
Eli Lilly's new drugs Foundayo and lower-dose Zepbound help sustain weight loss in obesity patients.
Eli Lilly released positive results from two late-stage obesity studies showing that patients maintained significant weight loss after switching to either Foundayo or a lower dose of Zepbound. The SURMOUNT-MAINTAIN trial showed continued weight loss ...
RoboStrategy stock drops 15% after initial surge and volatility halts post-Nasdaq debut
RoboStrategy, the first publicly traded closed-end fund focused on physical AI and robotics, saw its stock fall 15.35% on Wednesday after an initial surge fueled by retail investors. The fund launched on Nasdaq earlier this week, attracting heavy int...
AMD's $6.5M Marvell stake surges 66%, now worth $10.8M, highlighting AI chip market gains.
AMD disclosed a $6.5 million stake in Marvell Technology that has surged about 66% to an estimated $10.8 million, reflecting strong gains in AI-related semiconductor stocks. This investment underscores AMD's strategic exposure to key players in AI ha...
Nvidia earnings next week may impact S&P 500 more than Fed minutes due to AI spending focus.
Nvidia's upcoming earnings report is gaining importance as the company's market value and AI role grow, now surpassing the entire S&P 500 healthcare sector. Investors view Nvidia as a key indicator of AI spending, which is central to the current bull...
First patient dosed in Phase 1b trial of Sapu003, an IV everolimus for advanced mTOR-sensitive tumors
Sapu Nano and Oncotelic have dosed the first patient in a Phase 1b clinical trial of Sapu003, an intravenous formulation of everolimus designed to treat advanced mTOR-sensitive solid tumors such as HR+/HER2- breast cancer and renal cell carcinoma. Th...
Cerebras Systems leads TSG Venture 50's first IPO, raising up to $4.8B in a major AI chip market debut
Cerebras Systems, an AI chip maker known for its wafer-scale engine technology, is set to debut on Nasdaq under ticker CBRS, marking the first IPO from TSG Invest's Venture 50 Index. The company raised its IPO price range to $150-$160 per share due t...
Techstars partners with Xendoo and Xero to provide startups with advanced financial tools from day one.
Techstars has formed a strategic partnership with fintech platform Xendoo and accounting software Xero to offer startups a comprehensive financial operations solution. This collaboration aims to help early-stage companies maintain better financial vi...
NevGold upsizes financing to C$42M, advancing US antimony-gold project with near-term production plans.
NevGold Corp. has increased its brokered private placement financing from C$25 million to over C$42 million due to strong institutional demand. The Vancouver-based junior miner is developing the Limousine Butte gold-antimony project in Nevada, target...