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Artificial intelligence chip maker Cerebra Systems has priced its IPO at $185 per share, above expectations, as investors brace for what is expected to be a very busy year with new AI products. The IPO brought in $5.55 billion for Cerebras, which sold 30 million shares, according to a statement Wednesday. The underwriters have an option to purchase an additional 4.5 million shares. The company is entering the market in the midst of a silicon renaissance. intel, advanced micro device and memory maker micron Each is up more than 80% over the past month, and has posted even more dramatic…
How did authorities connect Kuri Richins to fentanyl? According to an indictment reviewed by E!, an acquaintance of Kouri, identified as “CL,” told detectives a week before Kouri was arrested that he asked CL if he could get painkillers for an investor who injured his back sometime between December 2021 and February 2022. news. About two weeks after Kouri administered hydrocodone to his flipped-over Midway, Utah, home, CL said Kouri specifically asked for fentanyl and that the investor wanted something stronger. CL, who police noted in the warrant to have a drug history, contacted a dealer in Ogden, Utah, on…
(This is CNBC’s Power Insider newsletter, giving you an inside look at the investments, people and companies that power the global energy industry. Click here to subscribe.)power pointWhat we heard from energy stakeholdersFocused on rapid growth of hyperscalers. I have summarized the thoughts of investors in one sentence. The pace of spending on AI is so ferocious that the Energizer Bunny looks lazy. This growth is being driven by “hyperscalers,” which is just a fancy term for big tech companies that are rapidly ramping up their investments in artificial intelligence.This weekly energy intelligence article is about artificial intelligence. Because, in…
Productivity software maker Notion is entering the agent era. In a livestreamed product announcement Wednesday, the company best known for its collaborative note-taking app expanded the capabilities of its custom AI agents, connected them with external agents, and introduced a new developer platform that lets teams build automated, multi-step workflows that can ingest data from any database. By building an orchestration layer (a system that coordinates AI work across multiple tools and data sources), Notion positions itself not only as an AI-powered note-taker, but also as a hub where users and agents can collaborate across tools and databases. In February,…
Vin Diesel and Paul Walker weren’t friends, they were family. And the Fast and Furious star continues to connect with Paul’s loved ones by reuniting with his daughter Meadow Walker at the 2026 Cannes Film Festival. Vin and Meadow shared a sweet hug at a photo call to celebrate the 25th anniversary of the Fast series in France on May 13th. The model, who reunited with the Fast family for her wedding to Louis Thornton-Allan in 2021, was all smiles as she posed with cast members including Michelle Rodriguez and Jordana Brewster. In addition to co-starring Vin in Fast Forever,…
Top 10 Clubs to Watch Wednesday, May 13th 1. Is the turnaround already over for semiconductor and AI stocks?Stocks like Micron and Corning are quickly rebounding this morning after a day of selling. S&P futures fell after April wholesale inflation data came in much better than expected. 2. Nvidia’s Jensen Huang will end up heading to China to participate in President Donald Trump’s two-day summit meeting starting today in China. Bank of America raised its price target for NVIDIA from $300 to $320. Club name Nvidia will report earnings next week. 3. Qnity Electronics received a price target increase after…
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Beijing — When I began covering U.S.-China relations as a young journalist in the late 1990s, the points of conflict between the two countries, especially during high-level talks, often boiled down to the three T’s: Tiananmen, Tibet, and Taiwan. The first two T’s refer to the 1989 crackdown on pro-democracy protesters and to the Chinese-controlled Himalayan region once ruled by the exiled Dalai Lama, and both are tied to China’s human rights record. Moving on to the latest meeting between President Donald Trump and Chinese leader Xi Jinping, which took place in Beijing this week. In the nearly 10 years…
With the final match of the season fast approaching, Manchester City defeated Crystal Palace 3-0 to cut their Premier League lead over Arsenal to two points.Published May 13, 2026May 13, 2026Manchester City’s second-team defeated Crystal Palace 3-0 on Wednesday, moving them two points clear of Premier League leaders Arsenal with two games left in the fascinating title race.Manager Josep Guardiola made six changes from the side that beat Brentford 3-0 at the weekend, with Erling Haaland and Jeremy Dok also on the bench and Palace manager Oliver Glasner also making adjustments.Recommended stories list of 4 itemsend of listFirst-half goals from…
Traders work during Hawkeye 360’s initial public offering (IPO) on the floor of the New York Stock Exchange (NYSE) on Thursday, May 7, 2026 in New York, USA.Michael Nagle | Bloomberg | Getty ImagesStock bulls showed resilience in the face of what could have been the worst decline of the year. Nasdaq 100 Since March, the index has gained 1.5% intraday to close; S&P500 It ended Tuesday down less than 12 points.This confusion has helped options traders sort out where they have the most confidence.Most notable is the volatility of the S&P 500 index. CBOE VIX Index The index briefly…