Wall Street closed higher on Thursday, with the S&P 500 up 0.8%, the Dow Jones up 0.2%, and the Nasdaq Composite up 1.6%. Meta Platforms announced a cheaper AI model called Muse Spark 1.1, sending its…
Cerebras Systems announced plans to deploy 200 megawatts of AI compute capacity across Europe by 2027, with initial capacity online by late 2026. The build-out, spanning France, Norway, and Finland, w…
OpenAI previewed its GPT-5.6 model family on June 26, 2026, with the flagship Sol variant targeting 750 tokens per second via a partnership with Cerebras Systems. Cerebras' wafer-scale compute could o…
NYSE president Lynn Martin expressed optimism about the stock market and economy, citing strength across all sectors and a surge in IPO activity as companies like Anthropic, OpenAI, and SpaceX prepare…
The US IPO market posted its biggest quarter ever in Q2 2026, raising $104.8 billion across 48 offerings, led by SpaceX's $75 billion IPO. The quarter saw no crypto or blockchain listings, with AI and…
Cerebras Systems shares plunged up to 20% on June 24 after its first earnings report as a public company revealed a gross margin forecast of 38-41% for 2026, far below Nvidia's mid-70% margins, despit…
Cerebras Systems' stock plunged after its first earnings report forecasted narrower gross margins, highlighting the AI chip business's dependence on margins over hype. The market reaction underscores …
Cerebras Systems shares fell below their $185 IPO price to around $182 on June 24 after the AI chip designer issued disappointing earnings guidance, including a forecast for Q2 core gross margins of 3…
Cerebras Systems shares plunged nearly 20% on Wednesday after the AI chipmaker forecast a narrower gross margin of 38% to 41% for the full year, compared to 47% in Q1, despite beating first-quarter ea…
Wall Street stocks showed mixed results on Wednesday, with the Dow rising 486 points intraday but the Nasdaq closing down 0.6% amid a two-day slide of over 4%, as AI-related stocks like Micron and Cer…
Cerebras Systems reported $193.4 million in first-quarter revenue, beating analyst expectations of $181.2 million, but shares fell over 9% in after-hours trading as investors focused on projected nega…
AI chip startup Cerebras Systems beat its first-quarter sales target and issued higher guidance, signaling strong demand for its specialized processors used in training large language models.…
SpaceX's June 12 IPO left a record $16.7 billion on the table, nearly triple the previous record, as shares rose 19% on the first day. The foregone capital could have funded the company's AI growth en…
Tech companies are laying off tens of thousands of workers at a record pace, citing AI as the primary reason, but critics including Marc Andreessen argue AI is a convenient excuse for pandemic-era ove…
Cerebras Systems has developed AI chips that rival Nvidia's GPUs in performance, as demonstrated in a new video. The breakthrough positions Cerebras as a strong competitor in the AI hardware market, c…
Cerebras Systems CEO Andrew Feldman announced a "non-Nvidia" alliance at the Bloomberg Tech conference on June 3, declaring the company will partner with every major AI data center component supplier …
Cerebras Systems completed its initial public offering on the NASDAQ, raising $5.55 billion by floating 215.23 million shares at $185 each, with shares closing at $311 for a public market capitalizati…
Cerebras Systems plans to raise the size and price of its initial public offering as soon as Monday, with a new price range of $150-$160 per share, up from $115-$125, and an increase in marketed share…