JHVEPhoto/iStock Editorial via Getty Images Fidelity National Information Services ( FIS ) has launched FIS digital wealth solutions in partnership with the wealth technology platform InvestCloud. The solutions help firms deliver personalized, secure, and actionable interactions. For wealth firms, advisors are working from a connected dashboard; for advisors, that means a system that reasons across client data, portfolio positions, compliance requirements, and transaction history - surfacing what matters. "Financial institutions want to modernize the wealth experience without disrupting the foundation they've built," said Jim Johnson, co-president, banking solutions, of FIS. "InvestCloud brings the digital experience and AI-enabled expertise that today’s advisors and clients expect," said CEO Jeff Yabuki. More on Fidelity National Fidelity National Information Services, Inc. (FIS) Presents at J.P. Morgan 54th Annual Global Technology, Media and Communications Conference Transcript Fidelity National Information Services, Inc. 2026 Q1 - Results - Earnings Call Presentation Fidelity National Information Services, Inc. (FIS) Q1 2026 Earnings Call Transcript FIS reiterates 2026 outlook for $2.1B free cash flow while targeting >$3B by 2028 through Anthropic AI agents rollout Fidelity National Non-GAAP EPS of $1.36 beats by $0.07, revenue of $3.29B beats by $10M

格隆汇5月21日｜美国国防部副部长谈Anthropic表示，我们的对话已经停止。

Robert Way Nvidia ( NVDA ) topped estimates and guidance for its most recent fiscal first quarter, provided additional clarity and detail on its operating segments, and meaningfully increased its capital return program to shareholders. Essentially, the Jensen Huang-led company did everything investors, analysts, and industry watchers asked for, and more. And yet, shares are barely budging in premarket trading on Thursday. So that begs the question: why? It may come down to equity positioning, according to Goldman Sachs. While some investors noted Nvidia had the largest short position in the S&P 500 with a notional value at roughly $62.5B, Goldman Sachs' U.S. share sales trading desk said the lack of a reaction comes down to positioning. Bloomberg reported that positioning on Nvidia was at a nine on a scale of 1-10, according to members of Goldman's trading desk. And while Nvidia is widely owned by various investors (retail, fund managers, hedge funds, etc.), it is no longer considered to be a “max long,” the news outlet added. Essentially, investors are looking for the next part of the artificial intelligence trade. Another reason for the tepid response to the results and guidance may be due to options trading, where dealers are generally long gamma due to the significant institutional call overwriting activity, Bloomberg noted. As such, that could suppress volatility in the so-called Magnificent Seven stocks when compared to other members of the Nasdaq 100. More on Nvidia Nvidia: We Are So Wrong I Want To Cry (Rating Upgrade) Nvidia Q1 Earnings: Growth Slowdown, Massive Agentic AI Positioning NVIDIA Corporation (NVDA) Q1 2027 Earnings Call Transcript Nvidia continues to impress Wall Street as AI trend shows no sign of slowing down Trump administration plans billions in financing to woo firms for US AI tools: report

Robert Way Nvidia ( NVDA ) topped estimates and guidance for its most recent fiscal first quarter, provided additional clarity and detail on its operating segments, and meaningfully increased its capital return program to shareholders. Essentially, the Jensen Huang-led company did everything investors, analysts, and industry watchers asked for, and more. And yet, shares are barely budging in premarket trading on Thursday. So that begs the question: why? It may come down to equity positioning, according to Goldman Sachs. While some investors noted Nvidia had the largest short position in the S&P 500 with a notional value at roughly $62.5B, Goldman Sachs' U.S. share sales trading desk said the lack of a reaction comes down to positioning. Bloomberg reported that positioning on Nvidia was at a nine on a scale of 1-10, according to members of Goldman's trading desk. And while Nvidia is widely owned by various investors (retail, fund managers, hedge funds, etc.), it is no longer considered to be a “max long,” the news outlet added. Essentially, investors are looking for the next part of the artificial intelligence trade. Another reason for the tepid response to the results and guidance may be due to options trading, where dealers are generally long gamma due to the significant institutional call overwriting activity, Bloomberg noted. As such, that could suppress volatility in the so-called Magnificent Seven stocks when compared to other members of the Nasdaq 100. More on Nvidia Nvidia: We Are So Wrong I Want To Cry (Rating Upgrade) Nvidia Q1 Earnings: Growth Slowdown, Massive Agentic AI Positioning NVIDIA Corporation (NVDA) Q1 2027 Earnings Call Transcript Nvidia continues to impress Wall Street as AI trend shows no sign of slowing down Trump administration plans billions in financing to woo firms for US AI tools: report

Nvidia is finally starting to behave less like a hypergrowth startup and more like the dominant platform company it has become. Investors should pay attention. If history is any guide, this shift in capital allocation could matter just as much for the stock as the company’s next generation of AI chips. The headline from Wednesday’s earnings release was not just another massive quarter. It was management’s decision to materially expand shareholder returns. Nvidia raised its quarterly dividend to $0.25 per share from a token $0.01 and authorized a fresh $80 billion stock buyback program, adding to the roughly $39 billion remaining under prior authorization. That is a meaningful signal. Companies do not commit that level of capital unless they believe the cash machine is durable. More important, Nvidia now says it intends to return roughly half of free cash flow to shareholders during calendar 2026. For a company that has historically reinvested nearly every available dollar back into the AI ecosystem, this marks a genuine evolution. Evercore ISI’s Mark Lipacis argues the closest analogue is Apple. After years of valuation compression, Apple’s multiple began to rerate higher once investors recognized that its enormous cash flows would increasingly flow back to shareholders through buybacks and dividends. The lesson was simple: a company generating extraordinary amounts of cash becomes more valuable when markets trust management to distribute some of it consistently. Nvidia may now be entering that phase. Until now, the company has allocated far less of its free cash flow to shareholder returns than peers. According to Bank of America analyst Vivek Arya, Nvidia returned only about 47% of free cash flow through dividends and repurchases between 2022 and 2025, versus an industry norm closer to 80%. Instead, management poured capital into building and reinforcing the broader AI ecosystem, including investments tied to partners like OpenAI and Anthropic. Critics viewed some...

Qualcomm CFO Just Detailed a Three-Part Data Center Play. Here’s What It Means for QCOM Stock TIKR.com

By Niket Nishant May 21 (Reuters) - The latest quarterly earnings from Big Tech companies have given investors ample reason to stay invested in the AI trade, helping lift equities despite the unprecedented disruption in ‌the oil markets that has clouded the economic growth outlook. Nvidia rounded out the results from the so-called ‌Magnificent Seven that includes Alphabet, Apple, Microsoft, Amazon.com, Meta Platforms and Tesla. Here are a few graphics laying out the state of play: NVIDIA GROWTH OUTPACES PEERS Revenue ​growth at the Magnificent Seven remains highly uneven, with Nvidia's blistering pace helping maintain its dominant lead. The chipmaker's sales have on demand for AI infrastructure, helping cement its status as the world's biggest company by market value. By comparison, others in the group are expanding at a much steadier pace, although they are all expected to funnel billions into their AI ventures, hoping to ‌reap robust profits in the coming years. DATA ⁠CENTER RACE FUELS BORROWING SPREE To fund their lofty AI ambitions, the Magnificent Seven have been increasingly turning to the bond markets. Bond issuance from the group has sharply jumped, with debt ⁠sales already hitting $134 billion so far this year, compared with 2025's entire haul of $87.5 billion, according to data from Dealogic. This year's surge has been driven by Alphabet, Amazon and Meta -- companies at the center of the race to build out AI infrastructure, such ​as data ​centers. AI FAITH POWERS STOCK REBOUND After an uneven start to the ​year and volatility in the wake of the ‌Middle East conflict, shares of tech heavyweights have regained momentum. Investors are betting on the technology's long-term promise, even as they worry over the pace of returns on the companies' investments. However, the hierarchy has at times appeared to shift. Alphabet, which stunned Wall Street with cloud growth that outpaced bigger rivals, came close to overtaking Nvidia to become the most valuable global com...

文章提及标的 20号胶 -- 沪锡 -- 焦煤 -- 沪银 -- 合成橡胶 -- 低硫燃油 -- 期市夜盘开盘，国内期货主力合约多数下跌。跌幅方面，20号胶、沪锡、焦煤、沪银、合成橡胶跌超1%。涨幅方面，低硫燃油涨超1%。

imaginima/iStock via Getty Images I'm Still Not Willing To Buy CRWV I updated my coverage on CoreWeave, Inc. ( CRWV ) last month , downgrading the stock to "Hold" when it soared by over 35% since my February "Buy" call ahead of the firm's Q4 2025 report release. So, since my downgrade in April, the stock price has managed to lose almost 15%, while the firm's closest peer - Nebius Group ( NBIS ) - kept going higher, setting another all-time high and outpacing most peers by a huge margin: Data by YCharts I'm not willing to compare CRWV with NBIS again - there are plenty of articles on the Internet if you're interested (including mine, back from September 2025 - here's the link ). This article that you're reading is dedicated to CoreWeave as a standalone company - I just want to update my coverage, given that the firm released its Q1 2026 results in early May 2026. From what I see, CRWV's growth still looks promising because the niche where it's operating is still growing massively. All this seems to be the market's consensus; otherwise, CRWV wouldn't have been up by almost 40% YTD (well above the tech sector, for comparison - see the above chart). However, there are also some risks that I don't want my readers to overlook or discount too much. I'm talking about CRWV's business model growth, driven by heavy debt loads that are likely to lead to margin erosion once the fastest phase of the business expansion is over and GPU lease rates correct. This risk is specific to any neocloud company in the next few years, but specifically for CRWV, its current financial leverage looks like a huge problem for long-term investors. First off, let me take a closer look at what's going on with CoreWeave's financials. As I said, the growth is still there, and it looks massive. The Q1 revenue went up by 112% YoY or 32% QoQ and reached $2.08 billion, which is still quite low - there's a lot more room for expansion as the backlog gets monetized. By the way, speaking of the contracted reve...

Welcome to Next Africa, a daily newsletter on where the continent stands now — and where it’s headed. Sign up here to have it delivered to your email. In today’s edition, we look at Johannesburg’s meltdown. And: Nigeria, Ghana hold rates as Mauritius, Rwanda hike The US has pulled back from efforts to tackle Ebola Cities across the world are adapting to extreme weather Going Bust Johannesburg has more millionaires than any other African city, is home to the bulk of large South African companies and sits at the heart of a bustling conurbation of some 15 million people. Despite all that — and the monikers it attracts as the continent’s financial capital and richest city — it can’t pay its bills . Finance Minister Enoch Godongwana last month notified Johannesburg Mayor Dada Morero that he’d halt $480 million in state funding to the municipality unless it canceled an unaffordable wage deal with city workers. On Sunday, state power utility Eskom took out a full-page newspaper advertisement warning Johannesburg residents to expect outages if the city doesn’t settle overdue debt of more than $300 million. The council was also forced to admit it could no longer pay contractors to drive water tankers to areas where piped supply has broken down. In addition to having to contend with the lack of electricity and water, and potholed streets, residents have seen treasures such as the 111-year-old Johannesburg Art Gallery fall into disrepair. Critics trace the decline back to the city’s hosting of the 2010 Football World Cup final, prior to which the national government pressured municipal authorities to keep the streets presentable. Since then, factional fighting within Morero’s African National Congress, a decade of coalition governments and repeated mayoral changes have led to a deterioration in services, crumbling infrastructure and corruption scandals. For the ANC, the country’s biggest political party and leader of an alliance that currently runs Johannesburg, the financial ...

格隆汇5月21日｜贵州茅台(600519.SH)公告称，公司拟与控股股东茅台集团续签《商标许可协议》，许可使用“贵州茅台”“茅台”等106件商标，许可期限为2027年1月1日至2029年12月31日，许可使用费按相关酒类产品年销售收入的1.5%计算，按季度支付。该交易需提交股东会审议，关联股东将回避表决。

neiu20001 Kroger ( KR ) is taking on its larger competitors and exploring price cuts throughout the store as its new CEO looks to pull the grocery chain out of the “midfield.” “I think about our business a bit like a Formula One race. There’s a lead group of cars that are doing a very good job,” Kroger CEO and former Walmart ( WMT ) executive Greg Foran said in an interview with Bloomberg. “Our objective is to get out of the midfield and start lapping faster, make up the gap on the first-group cars, and then ideally pass them.” To achieve this, Kroger ( KR ) is testing price cuts with the intention to phase them in, capitalizing on the proliferation of budget-minded consumers that have migrated to Walmart ( WMT ) and Costco ( COST ). To preserve margins, Kroger ( KR ) will lower costs by importing merchandise directly and using technology more effectively. Over the past year, the grocery chain has invested heavily in artificial intelligence, especially in its fulfillment centers to create a more efficient supply chain. Along with lower prices and increased efficiencies, Kroger ( KR ) will make stores friendlier and faster, and plans to increase the company’s presence in more communities that are being better served by competitors, namely in the Northeast. The company plans to open as many as 80 new stores in 2027, double the amount planned for 2026. “Our objective is to execute what we think is a very clear, sensible plan. We want to be America’s best grocer,” Foran said. Kroger ( KR ) shares have dropped into Thursday’s open, trading at a loss of 4% in premarket action. The company will report first-quarter results before the market open on June 2. Kroger ( KR ) is expected to have earned an adjusted profit of $1.58 per share on $45.34B in sales, an increase of 6% and 0.5% year-over-year, respectively. More on Kroger As A Stock, Walmart Offers Poor Value While Kroger Is Priced At A Discount Kroger: Limited Growth Drivers, Downgraded To Hold Kroger: Strong E-Commerc...

is a senior reviewer with over twenty years of experience. She covers smart home, IoT, and connected tech, and has written previously for Wirecutter, Wired, Dwell, BBC, and US News. Posts from this author will be added to your daily email digest and your homepage feed. All the smart home news, reviews, and gadgets you need to know about Welcome! I’m The Verge’s smart home reviewer, and I’m hosting an exclusive subscriber AMA today at 10 AM PT / 1 PM ET. I test a lot of connected gadgets for my job, but the dominant device in my home — by both number and square footage covered — is the robot vacuum. At any given time, I have a dozen of these bots bouncing around, sweeping and mopping my floors and irritating my cats. From vacuums with arms and ones that can climb stairs to basic bump-and-roll bots, there’s a dizzying array of robovacs on the market. I’m here to help you cut through the marketing hype (no, suction power isn’t the most important spec; yes, robot mops are better now, but they’re still not great) and pick a robot that will clean your floors without driving you crazy. So, if you have questions, concerns, or just big thoughts, post them in the comment section here. I’ll start replying at 1 PM ET today and will hang around until 2 PM. Come join me to talk about the robot revolution. It starts small.

Hong Kong is expected to remain among the top three initial public offering (IPO) markets worldwide this year, even though it will soon be dethroned by the US Nasdaq, which will host SpaceX’s jumbo flotation. Hong Kong Exchanges and Clearing’s (HKEX) main board is poised to lose its crown as the world’s largest market for IPOs when billionaire Elon Musk’s commercial aerospace unit is listed on the Nasdaq stock exchange, according to the prospectus filed by SpaceX in New York on Wednesday. The filing did not include information about either the timeline or its size, but US media reports said it was expected to list in June and raise up to US$75 billion, which would make it the world’s largest-ever IPO and exceed the US$29.4 billion raised by Saudi Aramco in 2019. The sum would also double the total funds raised from new listings in Hong Kong last year, at US$37.43 billion. Advertisement However, leading investment banks, including UBS and JPMorgan, remain upbeat about the overall outlook for the Hong Kong IPO market. Hong Kong’s main board could remain in the top three this year, even accounting for the challenges posed by the US exchanges, according to John Lee Chen-kwok, vice-chairman and co-head of Asia coverage at UBS in Hong Kong. Advertisement “Hong Kong’s IPO market remains active as there are still a lot of international investors interested in investing in mainland technology and other listing candidates due to the strong outlook of the Chinese economy,” Lee said, noting that a large number of companies have listings in the city that were pending. There were about 500 listing candidates waiting to raise funds in the city, compared with about 300 at the end of last year, according to data from HKEX.

Tucked inside SpaceX’s pre-IPO S-1 filing are two project names most investors have never heard. Macrohard is an agentic AI software platform, and Terafab is a vertically integrated chip fabrication initiative. Tesla is the partner on both. SpaceX disclosed that financial terms, intellectual property rights, and the ultimate term of the collaboration are not yet ... Macrohard and Terafab: The Tesla and SpaceX Joint Ventures Wall Street Hasn’t Priced In

The fight for the future of Los Angeles, America’s second-largest city, usually plays out in the grand art deco offices and committee rooms of city hall. But in an election year full of surprises, the most consequential battle may in fact have begun on a beach. And not just any beach: we’re talking about the fantasy sandbox inhabited by buff gym rats and sun-kissed bikini babes on Baywatch and its multiple spin-offs. In February, Los Angeles welcomed the latest incarnation of the hit TV show back to southern California after a long hiatus, including detours to Hawaii and Georgia. City officials heralded its return as a sign of better times for local film and television production following years of decline and tens of thousands of job losses in the heart of Hollywood. But trouble soon beckoned. The producers, who had built a new lifeguard station on Venice Beach in preparation for what they anticipated to be a multi-season reboot, learned they were not allowed to use the camera drones they were counting on, or to shoot at night. They had a $21m tax credit from the state and what they thought was the full blessing of the local authorities. But a handful of regulatory agencies, notably the county beaches and harbors department, had other ideas, and within four days shooting ground to a halt under a barrage of unexpected restrictions involving everything from the sand they could shoot on to the parking arrangements. “Suddenly, everything was ‘no’,” one member of the production wrote in a widely read anonymous Instagram post that quickly morphed into a political flashpoint. “Los Angeles is not film friendly.” Such a verdict appeared potentially devastating to a city that has struggled mightily for years to stop productions fleeing to cheaper locations – Atlanta, Toronto, London, Budapest – and has seen businesses around the industry from catering to costume rental flounder and fail. In an election year, the prospect of losing Baywatch so soon after luring it back brough...

Audi provided flights from Washington, DC, to Munich, Germany, and accommodation so Ars could test out its headlights, as well as some other things you can read about in the coming weeks. Ars does not accept paid editorial content. MUNICH—Headlight technology in the US is about to get smarter. When Audi's Q9 SUV goes on sale here later this year, it will feature the automaker's latest adaptive beam headlights, which manage the nifty trick of providing better, brighter illumination while minimizing glare for both the driver and other road users. Such technology is old hat to our European readers, but it's finally debuting on our roads after years of lobbying and intensive, lengthy testing to satisfy the new federal regulations. And after trying out the headlights during a recent trip to Europe, I can say, "It's about time." Despite America's reputation as an innovation powerhouse, we have lagged behind Europe and Japan in automotive lighting technology for decades, thanks to 1960s-era regulations that allowed only low- and high-beam headlights, nothing else. For years, OEMs like Audi, BMW, Mercedes-Benz, Toyota, and Volvo lobbied the National Highway Traffic Safety Administration to allow them to bring more modern technology to these shores to no avail. At first, it was laser high beams , which could project their beams much farther down the road than conventional halogen or xenon lights. Lasers are cool, but adaptive driving beam technology is even cooler. Each headlight is actually a multipixel LED, and by turning some of those pixels off, the headlight beam can be shaped to mask the light to selectively dim oncoming vehicles instead of switching to low beams. Read full article Comments

In a significant leap for green-energy tracking, researchers from Peking University and Alibaba Group’s Damo Academy have used AI to map hundreds of thousands of solar and wind installations across China. The initiative resulted in a first-of-its-kind national inventory designed to help coordinate the country’s ambitious green transition. By leveraging a self-developed AI model from Damo, the research team processed a massive 7.56 terabytes of satellite imagery. The algorithm identified 319,972 solar photovoltaic facilities and 91,609 wind turbines across China as of 2022, according to newly released findings published in the journal Nature on Wednesday. Advertisement “This is the first time we’ve had such a large-scale, high-resolution national inventory of wind and solar facilities,” Liu Yu, a professor at the School of Earth and Space Sciences at Peking University, said in a statement released by Alibaba on Thursday. “This allows us to see the country’s new-energy landscape from a ‘God’s-eye view’, laying a solid foundation for a series of research such as power-grid optimisation and environmental evaluation,” Liu said. AI statistics show the distribution of photovoltaic facilities (left) and wind turbines (right) across China. Photo: Handout

Unity Software Inc. (U) has been one of the most searched-for stocks on Zacks.com lately. So, you might want to look at some of the facts that could shape the stock's performance in the near term. Shares of this company have returned -21.4% over the past month versus the Zacks S&P 500 composite's +3.6% change. The Zacks Internet - Software industry, to which Unity Software belongs, has lost 1% over this period. Now the key question is: Where could the stock be headed in the near term? Although media reports or rumors about a significant change in a company's business prospects usually cause its stock to trend and lead to an immediate price change, there are always certain fundamental factors that ultimately drive the buy-and-hold decision. Revisions to Earnings Estimates Rather than focusing on anything else, we at Zacks prioritize evaluating the change in a company's earnings projection. This is because we believe the fair value for its stock is determined by the present value of its future stream of earnings. We essentially look at how sell-side analysts covering the stock are revising their earnings estimates to reflect the impact of the latest business trends. And if earnings estimates go up for a company, the fair value for its stock goes up. A higher fair value than the current market price drives investors' interest in buying the stock, leading to its price moving higher. This is why empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements. Unity Software is expected to post a loss of $0.44 per share for the current quarter, representing a year-over-year change of -728.6%. Over the last 30 days, the Zacks Consensus Estimate remained unchanged. The consensus earnings estimate of -$1.81 for the current fiscal year indicates a year-over-year change of -541.5%. This estimate has remained unchanged over the last 30 days. For the next fiscal year, the consensus earnings estimate of -$1.15 indica...

Marvell Technology (MRVL) has been one of the most searched-for stocks on Zacks.com lately. So, you might want to look at some of the facts that could shape the stock's performance in the near term. Shares of this chipmaker have returned +14.9% over the past month versus the Zacks S&P 500 composite's +1% change. The Zacks Technology Services industry, to which Marvell belongs, has lost 0.8% over this period. Now the key question is: Where could the stock be headed in the near term? While media releases or rumors about a substantial change in a company's business prospects usually make its stock 'trending' and lead to an immediate price change, there are always some fundamental facts that eventually dominate the buy-and-hold decision-making. Earnings Estimate Revisions Rather than focusing on anything else, we at Zacks prioritize evaluating the change in a company's earnings projection. This is because we believe the fair value for its stock is determined by the present value of its future stream of earnings. We essentially look at how sell-side analysts covering the stock are revising their earnings estimates to reflect the impact of the latest business trends. And if earnings estimates go up for a company, the fair value for its stock goes up. A higher fair value than the current market price drives investors' interest in buying the stock, leading to its price moving higher. This is why empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements. Marvell is expected to post earnings of $0.40 per share for the current quarter, representing a year-over-year change of -2.4%. Over the last 30 days, the Zacks Consensus Estimate remained unchanged. The consensus earnings estimate of $1.46 for the current fiscal year indicates a year-over-year change of -3.3%. This estimate has remained unchanged over the last 30 days. For the next fiscal year, the consensus earnings estimate of $2.49 indicates a change o...

View of the trading floor of New York Stock Exchange by Lev Radin via Shutterstock AI chip stocks have been on a tear. Nvidia Corporation (NVDA), Advanced Micro Devices (AMD), and Broadcom (AVGO) have all ridden the artificial intelligence wave to staggering valuations. But this month, a new name burst onto the scene and stole the spotlight. Cerebras Systems (CBRS), the company behind the world’s largest computer chip, went public on May 14 in the biggest IPO of 2026. The news came on after S&P Dow Jones Indices said it would fast-track the stock into eligible indices. CBRS shares opened well above the offer price as investors rushed to get in on the action. With an S&P Index inclusion now set for May 25, Cerebras is suddenly moving from a hot IPO to a must-watch AI stock. Here’s what that could mean for investors. Cerebras Redefines AI Chips With Massive Wafer-Scale Architecture Cerebras builds a chip the size of a dinner plate. It packs four trillion transistors and 900,000 AI cores onto a single wafer. The company says its chip runs AI workloads 15 times faster than the competition. That kind of speed has won over OpenAI and Amazon (AMZN) as customers. Cerebras isn’t just another Nvidia wannabe. It’s betting on a fundamentally different architecture to win the AI inference race. Cerebras priced its IPO at $185 a share. It opened at $350 and hit an intraday high of $386.34. The stock closed its first day at $311.07, giving the company a market cap of roughly $69 billion. Since then, shares have pulled back to around $300 before bouncing on the index news. Cerebras trades at roughly 130 times trailing sales of $510 million. The semiconductor sector median price-to-sales ratio sits around 4. That’s a staggering premium. But bulls point to the $24.6 billion backlog, which includes a $200 billion compute deal with OpenAI. On a forward basis, revenue is expected to roughly double in 2026. Investors are not paying for what Cerebras earned last year. They are paying for ...