Cerebras IPO demand surges; Applied Materials eyes strong AI-driven quarter amid inflation and geopolitical risks.

Cerebras Systems leads a busy IPO week with demand pushing its share price range up to $125-$135, potentially raising $3.78B. Applied Materials is expected to report another strong quarter driven by AI infrastructure demand and its $5B EPIC Center initiative, though faces a $600M revenue risk from China export restrictions. April CPI data, influenced by rising energy and food prices, is anticipated to increase inflation rates, impacting Federal Reserve policy decisions. Other IPOs and earnings reports from major companies like Simon Property Group and Tencent also highlight the week ahead.