Cerebras Systems shares surged about 23% after nine brokerages, including Morgan Stanley and UBS, initiated coverage with positive ratings following the end of the IPO quiet period. The AI chip maker's wafer-scale engine, the world's largest compute chip, is praised for outperforming GPUs in fast inference tasks and securing key partnerships with OpenAI and Amazon Web Services. UBS set a $300 price target based on strong revenue projections and market potential, though risks include supply chain scaling and competition from Nvidia. Cerebras raised $5.55 billion in its recent IPO, marking one of the largest U.S. tech offerings in recent years.
The global automotive microcontrollers market is projected to grow from USD 15.49 billion in 2025 to USD 34.31 billion by 2035, at a CAGR of 8.28%. Growth is fueled by increasing adoption of advanced driver-assistance systems (ADAS), vehicle electrif...
Alpaca, a brokerage infrastructure startup, secured $435 million in funding to enter prime brokerage services, challenging traditional Wall Street firms. The company’s API supports 94% of US equities and powers tokenized stocks for Kraken. Alpaca’s t...
Raymond James Financial's rating was raised to "Buy" after positive investor event disclosures and a promising preview of its upcoming quarterly results. The company is expected to exceed earnings per share consensus for Q3 FY26, driven by strong per...
Bitcoin and Ethereum experienced combined outflows exceeding $59 million as traders moved funds into stablecoins like USDT and fiat currencies, signaling a cautious stance in the crypto market. This rotation reflects a short-term defensive strategy, ...
Whales have accumulated 70 million XRP over the past week, showing strong confidence despite XRP's price consolidating below resistance levels. The XRP Ledger surpassed 8 million activated accounts, indicating growing network adoption across payments...
