Technology

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Cerebras (CBRS) starts trading on Nasdaq after IPO

Cerebras Systems soared in its Nasdaq debut on Thursday, opening at $350 after selling shares at $185, well above the company’s expected range. That values the chipmaker at over $100 billion. The company sold 30 million shares in its offering late Wednesday, raising $5.55 billion, the largest IPO for a U.S. tech company since Uber’s...
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Cisco (CSCO) pops on AI demand

Cisco CEO Chuck Robbins told CNBC on Thursday that skyrocketing demand for artificial intelligence tools and equipment is powering the industry toward a “networking supercycle.” Shares jumped 14% and headed for their best day in more than two decades after Cisco blew past its AI infrastructure and hyperscaler guidance orders for the fiscal year and lifted...
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5 things to know before the market opens Thursday

1. You’re hired Kevin Warsh, nominee for chairman of the Federal Reserve, is sworn in to his Senate Banking, Housing and Urban Affairs Committee confirmation hearing in Dirksen building on Tuesday, April 21, 2026. Tom Williams | Cq-roll Call, Inc. | Getty Images The Senate confirmed Kevin Warsh as the next chair of the Federal...
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China AI chips ramp up as Nvidia H200 access unclear

China is focusing on large language models in the artificial intelligence space. Blackdovfx | Istock | Getty Images Production of Chinese chips could ramp up this year, as executives at the country’s biggest tech companies look to deploy more homegrown technology — as it’s reported U.S. chip giant Nvidia could return. On Wednesday, internet titan...
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‘Trump asked me to come’

Nvidia CEO Jensen Huang said that U.S. President Donald Trump “asked me to come” to the China summit in Beijing, when asked by reporters about his trip. Huang was a later addition to the high-stakes trip on Tuesday, after his name was noticably absent from a list of executives making the trip, shared by a...
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