Cerebras Systems priced its IPO at $185 per share, raising $5.55 billion and valuing the AI chipmaker at $56.43 billion. Shares begin trading May 14 on Nasdaq under CBRS. Demand for the
Hewlett Packard Enterprise shares jumped 6% Wednesday after Semafor reported new activist investors, including Irenic Capital, had taken stakes, joining Elliott Management. The stock closed at $32.07, giving HPE a market value of $43.5 billion on heavy volume. HPE is integrating Juniper and launching new private-cloud tools for AI workloads. The company’s next earnings call is set for June 1.
KULR Technology Group deposited 300 bitcoin, valued at $24.36 million, into Coinbase Prime, according to Lookonchain, sparking speculation of a possible sale. KULR shares jumped 26.8% to $4.05 on heavy volume. The company, which holds over 1,000 bitcoin, widened its Q4 net loss to $44.3 million, citing a $28.3 million mark-to-market loss on Bitcoin. KULR reports Q1 results Thursday.
XRP fell to $1.42 on Wednesday, down about 1% over 24 hours, despite U.S.-listed spot XRP ETFs posting $25.8 million in inflows Monday, their highest since January. The token’s market value stood near $88 billion with $2.29 billion in daily trading. Bitcoin and Ether also declined, as hotter U.S. inflation erased expectations for Fed rate cuts this year.
Mobileye shares surged 14.1% to $10.53 on Nasdaq Wednesday after the company reported a 27% jump in first-quarter revenue and raised its 2026 outlook. The company authorized a $250 million share buyback. After-hours trading was flat. Mobileye cited strong EyeQ chip demand but warned of risks from China market uncertainty and a recent goodwill write-down.
Toby Neugebauer and allied shareholders filed new proxy materials to press for board changes at Fermi Inc., despite the board’s claim that the May 29 special meeting has been canceled. The group plans to use separate proxy cards for the disputed May 29 vote and a shareholder-called meeting expected around June 30. Fermi’s board opposes Neugebauer’s push for control and a quick sale. First-quarter results are due Thursday.
Ouster shares jumped 26% to $34.17 Wednesday after the company said its Rev8 OS lidar sensors qualified for NVIDIA’s DRIVE Hyperion platform for Level 4 autonomous vehicles. Market value rose to about $2.1 billion on volume above 14 million shares. A May 8 filing showed Ouster can sell up to $100 million in stock through an at-the-market program. No production contract or customer order was announced.
Volvo Autonomous Solutions and DSV launched commercial autonomous freight runs in Texas using a Volvo VNL truck with Aurora’s driver system, operating between Dallas and Houston with a safety driver on board. Aurora shares rose 15% after the announcement, valuing the company at $16.2 billion. Aurora reported $1 million in Q1 revenue and a $223 million net loss, with $273 million in cash and $952 million in short-term investments as of March 31.
Nu Holdings shares fell 3.3% to $12.84 in New York on Wednesday ahead of its first-quarter results, due after the market closes May 14. Analysts expect earnings per share of $0.20 and revenue of $5.06 billion. The company ended 2025 with 131 million customers and record profit, but investors remain cautious over credit quality and funding costs. A conference call is scheduled for 6 p.m. ET Thursday.
Grab shares fell 1.1% to $3.60 in New York after first-quarter revenue beat estimates, rising 24% to $955 million. Profit jumped to $120 million from $10 million a year earlier. Investors weighed strong results against Indonesia’s new 8% ride-hailing commission cap. Grab kept its 2026 revenue and adjusted EBITDA outlook unchanged.
POET Technologies appointed Sandeep Kumar chief operating officer on May 11 as it prepares its Malaysia plant for higher-volume production. The move comes after Marvell Semiconductor canceled all Celestial AI purchase orders and a U.S. securities lawsuit was filed against POET and two executives. POET shares rose 1.4% to $13.92 in early afternoon trading, with volume above 26 million shares.
Ondas Inc.’s Rotron Aerospace completed a firing demo of its SkyLance long-range one-way effector ahead of Ondas’s Q1 results release. Ondas shares fell 12 cents to $8.92 after the company filed for resale of 2.77 million shares tied to its $175 million Mistral acquisition. The Mistral deal boosted Ondas’s backlog to $457 million as of March 31. Rotron was acquired in March for $6.7 million cash and 3.33 million shares.
UiPath Inc. shares dropped 5.9% to $9.42 on Wednesday, with trading volume above 22 million, after the company launched a new integration for AI coding agents but investors waited for clearer demand signals ahead of its May 28 earnings call. UiPath reported fourth-quarter revenue of $481 million, up 14%, and reached full-year GAAP profitability for the first time.
Sivers Semiconductors shares surged 31.3% to 56.65 crowns after MSCI added the company to its Sweden small-cap index. Shareholders recently approved a private placement of 8.62 million shares at 14.50 crowns each, raising about 125 million crowns. Sivers is preparing accounts to U.S. standards as it considers a dual listing on Nasdaq New York. The company delayed its 2025 annual report to May 15.