Cerebras Systems made a huge debut on Wall Street with a market cap near $100 billion, signaling strong demand for AI chips beyond Nvidia's GPUs. The company produces large custom ASIC chips designed for AI inference, a growing need as AI models shift from training to decision-making. Cerebras' chips are used in its own cloud services and by partners like OpenAI and Amazon Web Services, with supply sold out through 2027. This IPO also sets the stage for other AI chip startups like SambaNova and Rebellions to go public amid fierce competition in the AI hardware space.
Meta Platforms increased its 2026 capital expenditure forecast to $125-145 billion, up from $115-135 billion, primarily due to rising component costs like memory pricing. CEO Mark Zuckerberg explained that higher prices for hardware components from s...
Chip stocks including Nvidia and Intel dropped after President Trump revealed that China has not yet bought Nvidia's H200 GPUs, despite hopes raised by Nvidia CEO Jensen Huang's recent trip to Beijing. This news dampened investor optimism about a str...
Microsoft shares jumped 4% on Friday while other major tech stocks, especially chipmakers and crypto-related names, declined amid profit-taking. Despite being the biggest mega-cap laggard this year, Microsoft’s strong Q3 earnings, driven by 40% Azure...
UBS has increased its price target for Nvidia to $275 from $245, citing stronger earnings potential and growing AI-driven demand. The firm forecasts Nvidia's Q1 revenue at around $81 billion, beating consensus estimates by about $3 billion, with Q2 g...
Nvidia shares surged over 4% following the US government's approval for several tech companies, including Alibaba, to import Nvidia's advanced H200 chips into China. This development opens up significant growth opportunities in the large Chinese mark...
