Cerebras Systems, a company specializing in AI chips, raised at least $5.55 billion in its IPO, pricing shares at $185 each, above expectations. The IPO values the company at $56.4 billion and marks one of the largest tech IPOs in recent years. Cerebras has shifted focus from hardware sales to cloud services and secured a significant $20 billion deal with OpenAI. The company faces competition from major cloud providers but benefits from growing investor enthusiasm for AI and semiconductor firms. CEO Andrew Feldman's stake is now worth about $1.9 billion. This IPO could pave the way for more high-profile AI tech offerings later this year.
AMD shares have jumped 55% over the past month, driven by strong AI data center demand and impressive Q1 2026 results, including 38% revenue growth and a 57% increase in Data Center revenue. Intel, while growing more slowly with 7% revenue growth and...
The Invesco PHLX Semiconductor ETF (SOXQ) surged 165% from May 2025 to May 2026, driven by strong AI-related demand boosting semiconductor prices and sales. The fund, tracking the top 30 U.S. semiconductor stocks, benefits from a market-cap-weighted ...
Nvidia announced it expects to generate $20 billion in CPU revenue in fiscal year 2027 from its new Vera CPU, marking a major shift from zero CPU revenue last year. The Vera CPU, developed with MediaTek, integrates tightly with Nvidia's Vera Rubin pl...
Broadcom's stock fell 14% to around $410 after its Q2 2026 earnings report, despite beating revenue and EPS expectations. The decline was driven by weaker-than-expected AI chip sales guidance for the next quarter, which fell short of analyst estimate...
IBM shares surged nearly 44% in one month, hitting record highs near $330, driven by a $1 billion U.S. government grant for quantum computing and renewed investor focus on its quantum and AI ambitions. The U.S. Commerce Department's $2 billion suppor...
