Cerebras Systems Raises Record $5.55 Billion in Largest U.S. IPO of 2026
Cerebras Systems priced its IPO at $185 per share, valuing the Sam Altman-backed AI chipmaker at $56.4 billion as shares begin trading Thursday.
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Microsoft’s Quiet Breakup with OpenAI: The AI Acquisition Spree Begins
Microsoft is buying AI startups to reduce reliance on OpenAI and build its own powerful AI systems for the future.
Cisco Beats Q3 Estimates and Boosts 2026 Guidance
Cisco beat expectations, raised its outlook, and saw strong AI demand, while announcing a restructuring plan and job cuts.
Activist Investor Galloway Capital Takes 8.42% Stake in WW International
WW International rose after Galloway Capital built 8.42% stake, saying company is undervalued despite debt issues.
Ford Stock Surges on Bullish Options Frenzy and Battery Business Praise
Ford shares set to log their best day in seven months. Morgan Stanley highlights massive potential in Ford Energy’s battery storage business, with a $600 million profit opportunity.
Citrini Research Sparks Massive Rally in Wolfspeed Shares
Wolfspeed shares jumped after a report said AI demand boosts its power chips. Other chip stocks also rose sharply.