Today: 14 May 2026
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SGX:1MZ 26 December 2025

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  • Cerebras Prices IPO Above Range, Raises $5.55 Billion Amid AI Market Surge
    May 13, 2026, 6:50 PM EDT. Cerebras Systems, an artificial intelligence chipmaker, priced its initial public offering (IPO) at $185 per share, raising at least $5.55 billion, exceeding expectations. The IPO values the company at $56.4 billion on a fully diluted basis. Founder and CEO Andrew Feldman's stake is now worth about $1.9 billion. The company, facing scrutiny over reliance on a UAE customer, has diversified its revenue sources and pivoted towards cloud services. Cerebras secured a $20 billion deal with OpenAI for its computing capacity, competing against major cloud providers like Google and Microsoft. The IPO marks one of the largest tech public offerings in recent years, signaling strong investor interest amid a broad surge in semiconductor stocks fueled by AI technology demand.

Latest articles

KULR Stock Jumps as 300-Bitcoin Coinbase Transfer Tests Its Treasury Bet

KULR Stock Jumps as 300-Bitcoin Coinbase Transfer Tests Its Treasury Bet

14 May 2026
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.
Aeluma Stock Swings After Q3 Loss as AI Photonics Bet Faces Revenue Delay

Aeluma Stock Swings After Q3 Loss as AI Photonics Bet Faces Revenue Delay

14 May 2026
Aeluma Inc. shares fell 16.3% to $26.35 in after-hours trading Wednesday after the company narrowed its 2026 revenue outlook and posted a $1.8 million quarterly loss. Revenue for the quarter ended March 31 was $1.2 million, missing estimates. The company cited delayed contracts and government shutdowns. Cash stood at $37.8 million at quarter’s end.
Allegiant Just Bought Sun Country. Here’s What Happens to Flights, Rewards and Stock Now

Allegiant Just Bought Sun Country. Here’s What Happens to Flights, Rewards and Stock Now

14 May 2026
Allegiant Travel closed its acquisition of Sun Country Airlines on May 13, making Sun Country a wholly owned subsidiary and ending its status as a standalone public company. Each Sun Country share was converted into $4.10 in cash and 0.1557 Allegiant shares. Allegiant now operates a combined fleet of 195 aircraft serving nearly 175 cities. Sun Country asked Nasdaq to suspend trading and begin delisting.
Doximity Stock Plunges as Weak 2027 Forecast Drowns Out AI Push

Doximity Stock Plunges as Weak 2027 Forecast Drowns Out AI Push

14 May 2026
Doximity shares plunged 19% after hours to $18.94 Wednesday following a fiscal 2027 revenue forecast of $664–$676 million, well below Wall Street’s $697.6 million estimate. Fourth-quarter revenue rose 5% to $145.4 million, but adjusted earnings of 26 cents a share missed expectations. Net income fell to $19.1 million from $62.5 million a year earlier.
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