Wall Street eyes April CPI, AI IPOs, and tech earnings this week

Wall Street investors focus on the April Consumer Price Index report expected Tuesday, with core inflation forecasted steady at 2.6%. The week also features a busy IPO calendar highlighted by AI chipmaker Cerebras Systems aiming for a $3.5 billion valuation, alongside debuts from Fervo Energy and Blackstone Digital Infrastructure Trust. Key earnings from Cisco, Alibaba, Applied Materials, and JD.com will provide insights into tech spending and global demand. Additionally, institutional 13F filings and consumer credit card delinquency updates may influence market moves later in the week.