Cerebras Shares Double on $5.5B AI Chip IPO Debut
AI infrastructure company Cerebras saw its shares surge approximately 100% on its first day of trading after raising $5.5 billion, becoming one of the largest tech IPOs of 2026.
Semiconductors
Elon Musk's SpaceX Plans $55 Billion Investment to Manufacture AI Chips
SpaceX has announced plans to invest $55 billion in AI chip manufacturing, marking Elon Musk’s major push into AI hardware.
AI Chip Startup Cerebras Files for IPO, Targeting $26.6 Billion Valuation to Challenge Nvidia
AI chip manufacturer Cerebras Systems has filed for an IPO seeking to raise up to $3.5 billion at a valuation of $26.6 billion, emerging as one of Nvidia’s most formidable competitors in the AI chip space.
Samsung Electronics Posts Record 750% Profit Surge on AI Chip Demand
Samsung Electronics reports record quarterly earnings with operating profit jumping 750% year-on-year to 57.2 trillion won, driven by surging demand for high-bandwidth memory chips from AI data centers.
Qualcomm Surges 13% on Report of OpenAI Partnership for Smartphone AI Chip
Reports indicate Qualcomm is partnering with OpenAI to develop AI processor chips designed specifically for smartphones, sending the chipmaker’s shares soaring over 13% in pre-market trading.
China's Industrial Profits Surge 15.8% in March, Driven by AI and Chip Boom
China’s National Bureau of Statistics reported that industrial enterprise profits rose 15.8% year-on-year in March, with strong growth in AI and semiconductor sectors as the key driver.