AI Chips
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techCerebras Boosts IPO Target to $4.8 Billion Amid Surging Demand
AI chipmaker Cerebras raises IPO price target to $150-160 per share, aiming for $4.8 billion amid strong investor demand.
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techCerebras Systems Hikes IPO Range to $150-$160 as Demand Surges
Cerebras Systems raises IPO price range to $150-$160 per share amid overwhelming demand, planning to list on Nasdaq under ticker CBRS.
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techAMD Beats Revenue Estimates, Soars 12% on AI Demand
AMD forecasts Q2 revenue above expectations, driven by strong AI chip demand. Shares jump 12% in after-hours trading.
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techAnthropic Eyes UK's Fractile for AI Chip Independence
Anthropic is in talks with UK-based Fractile to secure custom AI chips, reducing reliance on Nvidia and cutting costs.
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techCerebras Targets $3.5B in IPO, Challenging Nvidia's AI Chip Dominance
AI chipmaker Cerebras Systems aims to raise $3.5 billion in its U.S. IPO, selling 28 million shares at $115-$125 apiece to compete with Nvidia.
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techCerebras Targets $26.6 Billion Valuation in US IPO as AI Chip Demand Surges
Nvidia-rival Cerebras seeks up to $26.62B valuation in its US IPO, aiming to raise $3.5B amid surging AI infrastructure spending.
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techMediaTek Taps Former TSMC Exec for AI Chip Ambitions
MediaTek hires TSMC veteran Douglas Yu as adviser to boost advanced packaging and expand in the AI chip market.
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financeAlphabet Surges $420B, Closing Gap on Nvidia as Top US Company
Alphabet's market cap jumped $420 billion, now within 6% of Nvidia. Geopolitical pressures on Nvidia's chip exports boost Alphabet's diversified appeal.