Cerebras Systems, the AI chip maker that designed a giant processor from scratch to compete with Nvidia, raised $5.5 billion in its initial public offering on Thursday. The company priced shares at $185 Wednesday evening, well above its initial range of $115 to $125 and even above the revised range of $150 to $160. The […]
ASML CEO Christophe Fouquet is not worried about competitors. The Dutch company, which holds a monopoly on extreme ultraviolet (EUV) lithography machines essential for advanced AI chips, faces challengers from startups to state-backed efforts. Yet Fouquet remains confident that no one can replicate ASML’s technology anytime soon. ASML’s Unrivaled EUV Monopoly Powers AI Chip Production […]
Cerebras Systems, the AI chipmaker with close ties to OpenAI, moved closer to a blockbuster initial public offering. The company announced plans to sell 28 million shares priced between $115 and $125 each. At the high end, this would raise $3.5 billion and give Cerebras a market capitalization of $26.6 billion. Cerebras IPO Details and […]
SEOUL, South Korea — March 15, 2026: The Korea Composite Stock Price Index (KOSPI) shattered its previous record today, closing at an rare high as a powerful boom in artificial intelligence semiconductor exports fuels the national economy. The benchmark index surged past the 3,450-point barrier in afternoon trading, driven overwhelmingly by stellar performances from tech […]
Washington D.C., March 2025: A significant financial transaction linking Middle Eastern royalty, a former U.S. first family, and the volatile cryptocurrency sector has ignited a firestorm of political and regulatory scrutiny. According to a report by CNBC citing The Wall Street Journal, Sheikh Tahnoon Bin Zayed Al Nahyan, a powerful United Arab Emirates royal and […]
© Copyright 2026 [sc name="site-link"]
