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.
TSMC's stock is currently priced at $428.29 with a 24/7 Wall St. price target of $492.37, suggesting a potential upside of about 15%. The company reported strong Q2 2026 results, including a 36% revenue increase year-over-year and raised its full-yea...
Intel's stock rose 3% after reports that it plans to raise prices on selected PC processors by 10%, reversing a recent selloff. This price increase could boost Intel's gross margins, supporting its ongoing recovery driven by AI demand and supply cons...
Intel's stock price has surged over 300% in the past year, reaching around $100, driven by strong revenue growth and strategic investments. Despite a $11 billion GAAP loss in Q2 due to non-cash charges and ongoing foundry losses, the company shows op...
Intel's stock fell 6% following a sharp 188% rise year-to-date, driven by profit taking amid a risk-off market mood and no new company-specific news. NVIDIA and AMD also declined 3%, reflecting a broader semiconductor sector pullback influenced by ri...
Intel Corporation maintains a Buy rating due to strong AI-driven demand securing multi-year supply deals and providing revenue visibility. The company raised $22.6 billion through equity, avoiding additional debt and fully funding new fabrication pla...
