Cerebras Systems CEO Andrew Feldman said Wednesday that investors “misunderstood” the artificial intelligence chipmaker’s margin guidance, as shares slid 17% after the company reported results for the first time since going public. Analysts at Mizuho and Wedbush raised their estimates following Cerebras’ earnings call. But the company forecast a narrower gross margin in its core…
Jakub Porzycki | Nurphoto | Getty Images OpenAI and Broadcom on Wednesday unveiled their debut custom chip, called Jalapeño, marking the ChatGPT maker’s first entry into artificial intelligence silicon. The chips will be made by Broadcom and used by OpenAI for inference, the compute-intensive process of serving its AI models to users in ChatGPT and…
Andrew Feldman, co-founder and CEO of Cerebras Systems, holds the Wafer Scale Engine 3 chip at the Nasdaq MarketSite in New York on May 14, 2026. Michael Nagle | Bloomberg | Getty Images Cerebras said revenue almost doubled in the AI chipmaker’s first earnings report since its initial public offering last month. The stock fell…
My top 10 things to watch Friday, June 12 1. Today’s the day. SpaceX. The largest initial public offering of all time, raising $75 billion. We want a 25% to 30% pop at the open. Anything more than that encourages flippers and gives the company a weak shareholder base. Don’t want to see what happened…
Meta CEO, Mark Zuckerberg and Tesla and SpaceX CEO, Elon Musk Manuel Orbegozo | Chip Somodevilla | Reuters When SpaceX finally debuts on the Nasdaq, under the ticker symbol SPCX, it will almost certainly set a record for the largest offering ever. By a long shot. Elon Musk’s reusable rocket maker filed its long-awaited IPO…
Tesla and SpaceX CEO Elon Musk attends a state banquet for President Donald Trump and China’s President Xi Jinping at the Great Hall of the People in Beijing on May 14, 2026. Brendan Smialowski | Afp | Getty Images SpaceX, which is getting set to publicly disclose its IPO prospectus, has picked Goldman Sachs to…
A general view of the Hong Kong skyline in fog on March 29, 2026 in Hong Kong, China. Sawayasu Tsuji | Getty Images News | Getty Images Asia-Pacific markets fell Monday as investors weighed renewed geopolitical tensions after U.S. President Donald Trump warned Iran to “get moving, FAST,” raising fears of further escalation in the…
Andrew Feldman, co-founder and chief executive officer of Cerebras Systems Inc., center left, during the company’s initial public offering (IPO) at the Nasdaq MarketSite in New York, US, on Thursday, May 14, 2026. Bloomberg | Bloomberg | Getty Images Cerebras Systems‘ raucous IPO this week gave investors a taste of what’s to come in artificial…
CNBC’s Jim Cramer said Friday he is growing increasingly concerned about signs of speculative excess in the IPO market. The “Mad Money” host warned he didn’t want to “end up with another Cerebras,” arguing that the highly anticipated debut of Elon Musk’s SpaceX could fuel another wave of speculative buying. SpaceX is expected to go…
Cerebras Systems‘ monster debut on Thursday didn’t just place it among tech’s biggest-ever IPOs — it was a crystal clear signal of unstoppable demand for chips to power AI, as tech giants scramble to find alternatives to the costly, sold-out graphics processing units made by Nvidia. Cerebras closed its first day trading on Wall Street…
