Cerebras Systems Inc. shares are indicated to open 89% above their listing price, after the artificial intelligence chipmaker raised $5.55 billion in an upsized and hotly anticipated IPO. Demand for the stock is soaring a day after it priced its upsized offering above the marketed range. Shares are indicated to open at $350 each as of 11:20 a.m. Thursday, versus the IPO price of $185. Cerebras is ...
Cerebras Systems Inc. shares are indicated to open 89% above their listing price, after the artificial intelligence chipmaker raised $5.55 billion in an upsized and hotly anticipated IPO. Demand for the stock is soaring a day after it priced its upsized offering above the marketed range. Shares are indicated to open at $350 each as of 11:20 a.m. Thursday, versus the IPO price of $185. Cerebras is prepared to work hard on further developing its unique AI computing, aiming to take a place among the leading providers of technology in that lucrative market, Chief Executive Officer Andrew Feldman said. It has the ability to more quickly produce tokens, he said, the basic units of data in large language models. “We’re just at the beginning of AI being useful. And the more AI is useful, the more tokens are needed. And we make the fastest token,” Feldman said in an interview Thursday with Bloomberg News. Cerebras’ IPO is the largest this year, and the biggest since Medline Inc. ’s $7.2 billion offering in December, according to data compiled by Bloomberg. It’s also the largest ever semiconductor listing in the US, after Arm Holdings Plc ’s $5.23 billion haul in 2023, the data show. The IPO comes as investors are increasingly flooding into stocks of companies set to benefit from the billions of dollars top hyperscalers have pledged to spend building out AI capabilities. The company sought to manage demand by telling institutional investors placing IPO orders to specify the number of shares and the maximum price they’re willing to pay, Bloomberg News has reported . Arm Holdings Plc and its majority owner SoftBank Group Corp. made an approach to buy Cerebras weeks before its IPO, people familiar with the matter said earlier. Cerebras is set to join a growing group of publicly-traded chipmakers seeking to challenge market leader Nvidia Corp. Cerebras makes large chips that help the bespoke computers that house them to crunch massive amounts of data. Its hardware runs AI models ...
Earnings Call Insights: BK Technologies (BKTI) Q1 2026 Management View "Our first quarter performance represents a strong beginning to 2026 and a successful start to our Vision 2030 mission." (President, CEO & Director John Suzuki) Suzuki tied Q1 momentum to "robust demand for our BKR Series radios, particularly our multiband BKR 9000" and said "an increasing favorable product mix" supported margi...
Earnings Call Insights: BK Technologies (BKTI) Q1 2026 Management View "Our first quarter performance represents a strong beginning to 2026 and a successful start to our Vision 2030 mission." (President, CEO & Director John Suzuki) Suzuki tied Q1 momentum to "robust demand for our BKR Series radios, particularly our multiband BKR 9000" and said "an increasing favorable product mix" supported margin expansion and profitability. "During Q1 2026, we were awarded a new order from the Minnesota Department of Natural Resources for 500 BKR 9000 radios." (President, CEO & Director Suzuki) He framed this as evidence of multiband adoption and an upgrade path from the BKR 5000, adding: "Having first entered into the market in late 2020, we have already shipped over 95,000 BKR 5000s." (President, CEO & Director Suzuki) "In April, we debuted the BKR 9500 multiband mobile radio at FDIC International" and "booked our first BKR 9500 order from a large existing BK customer located in the Southwest." (President, CEO & Director Suzuki) He said "we remain on pace for FCC approval in the second half of 2026 with shipments in the first half of 2027," calling early demand a reinforcement that "the BKR 9500 will be an important part of our long-term growth strategy." (President, CEO & Director Suzuki) "Gross profit margin in the first quarter was 51.8% compared with 47% in the first quarter of 2025, reflecting favorable product mix and continued robust adoption of our higher-margin BKR 9000." (CFO, Principal Accounting Officer & Company Secretary Scott Malmanger) Malmanger also said SG&A rose due to product investment: "This increase reflects higher engineering costs associated with new product and solution development as well as continued investment in innovation." (CFO Malmanger) Outlook "We are reiterating the following full year 2026 guidance: revenue of at least $90 million, full year gross margin of 50% or greater, full year GAAP EPS of $3.15 and full year non-GAAP adjusted EPS of $3...
Earnings Call Insights: AIRO Group Holdings, Inc. (AIRO) Q1 2026 Management View “We are repositioning the business to focus on the drone market,” and the company said it “recently introduced several new platforms, including the RQ-70,” while also unveiling “the JC-250 and the JX-250 drone aircraft, designed to achieve over 1,000 miles of range and 16 hours of endurance in the ISR configuration” (...
Earnings Call Insights: AIRO Group Holdings, Inc. (AIRO) Q1 2026 Management View “We are repositioning the business to focus on the drone market,” and the company said it “recently introduced several new platforms, including the RQ-70,” while also unveiling “the JC-250 and the JX-250 drone aircraft, designed to achieve over 1,000 miles of range and 16 hours of endurance in the ISR configuration” (Executive Chairman Chirinjeev Kathuria). “Demand remains stable with the total drone backlog exceeding $150 million as of April 30th,” and management reiterated “our full year guidance of 2026 revenue growth guidance of 15% to 25%,” while adding that “first quarter top line results were in line with internal expectations” (Executive Chairman Kathuria). “We are sharpening our focus around the drone market, where we see the most significant and immediate opportunity,” and management said it is “evaluating strategic alternatives for our training business,” describing CDI as “a valuable, albeit asset-heavy operation” (CEO Joseph Burns). “We are targeting first flights later this year and expect these aircraft to be operationally ready and commercialized in 2027,” referring to the newly unveiled JX-250 and JC-250 variants (CEO Burns). “For the first quarter of 2026, revenue was $8.9 million,” and “gross profit for the quarter was $2.4 million, representing a gross margin of 26.6%,” as management linked margin compression to “a result of revenue mix shift solely in Q1 towards drone upgrades” (Chief Financial Officer Mariya Pylypiv). Outlook “We are reiterating our full year 2026 revenue growth of 15% to 25% year-over-year,” and management said it is “extremely confident that AIRO will achieve our guided revenue growth expectations” (CFO Pylypiv). “We expect this first quarter to be the low watermark for the year with respect to both top and bottom lines,” and management guided to “a roughly 40 to 60 first half, second half split, with the third quarter sequentially lower versus t...
Doximity ( DOCS ) crashed ~25% on Thursday to reach the lowest level since its IPO in 2021 after its guidance issued with its Q4 fiscal 2026 results disappointed Wall Street, with KeyBanc Capital Markets downgrading the stock. The California-based digital platform for healthcare professions reported a mixed performance for Q4, while its revenue outlook for both Q1 and fiscal 2027 fell short of ana...
Doximity ( DOCS ) crashed ~25% on Thursday to reach the lowest level since its IPO in 2021 after its guidance issued with its Q4 fiscal 2026 results disappointed Wall Street, with KeyBanc Capital Markets downgrading the stock. The California-based digital platform for healthcare professions reported a mixed performance for Q4, while its revenue outlook for both Q1 and fiscal 2027 fell short of analysts’ estimates, according to FactSet data. KeyBanc analyst Scott Schoenhaus argued that Doximity ( DOCS ), whose growth has historically outpaced that of the pharma digital advertising market, expects to record in-line growth this year due to the timing of its AI Search commercial launch. The launch, which took place only a couple of weeks ago, “resulted in the product missing the upfront selling season, with meaningful revenue from AI Search not expected until 2H27,” the analyst added. Additionally, the analyst noted that the company is not taking market share this year as budget managers are looking beyond its premium offerings and leaning towards cutting-edge AI and/or low-cost options. DOCS is, however, catching up on AI, the analyst added, yet downgraded the stock to Sector Weight from Overweight, projecting a lack of catalysts and more downside risk as spending is set to increase due to rising competition. More on Doximity Doximity, Inc. (DOCS) Q4 2026 Earnings Call Transcript Doximity: Buy It As Mr. Market Is Selling It Cheap Under A Panic Attack Doximity: Priced Like SaaS, Built Like Advertising Doximity shares hit record low as soft guidance and AI margin pressures spark 25% plunge Doximity forecasts fiscal 2027 revenue of $664M-$676M amid 'AI investment year' and softer pharma ad visibility
Investment firm Brookfield said it owns $2 billion of pre-IPO shares of Elon Musk’s SpaceX , with half on its parent company’s balance sheet and the rest held by other affiliated entities. Musk’s rocket, AI and satellite company has filed confidentially for an IPO that could happen in June. SpaceX is targeting a valuation of more than $2 trillion with the listing, Bloomberg previously reported. Br...
Investment firm Brookfield said it owns $2 billion of pre-IPO shares of Elon Musk’s SpaceX , with half on its parent company’s balance sheet and the rest held by other affiliated entities. Musk’s rocket, AI and satellite company has filed confidentially for an IPO that could happen in June. SpaceX is targeting a valuation of more than $2 trillion with the listing, Bloomberg previously reported. Brookfield also committed $500 million to developer of humanoid robotics Figure, and invested in Hark Labs, according to the firm. Brookfield Corp. discussed the investments in its first-quarter earnings materials released Thursday. Read More: Brookfield Merges Insurance Unit as Flatt’s Overhaul Takes Hold Brookfield has invested in Musk’s various companies for several years. Its now-defunct Brookfield Growth division provided $250 million in 2022 to help fund Musk’s buyout of Twitter Inc. , the social media platform now known as X. The check was the largest ever written by Brookfield Growth at the time and somewhat different from its other bets. The firm shuttered the venture unit last year and shifted some assets and staff to a division known as Pinegrove Capital.
The United States has cleared roughly 10 Chinese companies to purchase Nvidia Corp (NASDAQ:NVDA, XETRA:NVD)'s H200 artificial intelligence chips, according to a Reuters report citing people familiar with the matter. The approved firms include major technology companies such as Alibaba,...
The United States has cleared roughly 10 Chinese companies to purchase Nvidia Corp (NASDAQ:NVDA, XETRA:NVD)'s H200 artificial intelligence chips, according to a Reuters report citing people familiar with the matter. The approved firms include major technology companies such as Alibaba,...
Wells Fargo just delivered one of the most dramatic large-cap semiconductor revisions of the year, raising its price target on Broadcom (NASDAQ:AVGO) to $545 from $430 while maintaining an Overweight rating. The driver is a new “pluggable gigawatt-driven” framework that ties AI silicon demand to physical data center power capacity, implying AI semiconductor revenue is ... Wells Fargo Just Hiked Br...
Wells Fargo just delivered one of the most dramatic large-cap semiconductor revisions of the year, raising its price target on Broadcom (NASDAQ:AVGO) to $545 from $430 while maintaining an Overweight rating. The driver is a new “pluggable gigawatt-driven” framework that ties AI silicon demand to physical data center power capacity, implying AI semiconductor revenue is ... Wells Fargo Just Hiked Broadcom Price Target to $545: AI Semi Revenue Running 30-40% Higher Than Expected
Through its asset management arm, Brookfield Corp. ( BN ) has made select investments in businesses that are positioned to benefit from the rapid adoption of artificial intelligence, including a $1B direct stake in Elon Musk's SpaceX, the company disclosed in its Q1 results. It said investments include $2B of SpaceX ( SPACE ) at the current pre-IPO mark, of which ~$1B is owned by Brookfield Corp. ...
Through its asset management arm, Brookfield Corp. ( BN ) has made select investments in businesses that are positioned to benefit from the rapid adoption of artificial intelligence, including a $1B direct stake in Elon Musk's SpaceX, the company disclosed in its Q1 results. It said investments include $2B of SpaceX ( SPACE ) at the current pre-IPO mark, of which ~$1B is owned by Brookfield Corp. ( BN ); ~$500M committed to Figure, a developer of humanoid robotics; Hark Labs, a next-generation AI platform focused on personalized intelligence systems; and The Deployment Company, an AI deployment joint venture with OpenAI ( OPENAI ), to drive large-scale AI transformations for enterprise customers. Through Brookfield Asset Management ( BAM ), Brookfield Corp. ( BN ) owns about half of Pinegrove Capital, a platform focused on secondary and structured capital solutions in the technology and venture capital sector. BN has committed more than $450M to Pinegrove's strategies. As of March 31, 2026, the total amount of capital in these strategies was $6.3B, with the value of its balance sheet capital for new business investments being ~$2.3B, the company said. Of the $2.3B, 62% is through direct investments and 38% is through closed-end funds, the company said. Its asset management business targets growing its fee-related earnings and distributable earnings by 15%+ per year. Brookfield Corp.'s asset management fee-bearing capital increased by 12% over the last 12 months to $614B, resulting in growth in fee-related earnings of 11% compared with the same quarter a year ago. Brookfield Corp. ( BN ) stock rose 7.4% in Thursday morning trading. More on Brookfield Corporation, SpaceX, etc. Brookfield Corporation Is A Buy (Technical Analysis) SpaceX IPO: Accelerated S&P 500 Inclusion Could Create A Liquidity Vacuum Wall Street Lunch: UAE Blindsides Oil Market With OPEC Exit Plan Accenture Federal Services and OpenAI partner to accelerate federal AI adoption New York and California ...
KLH49/iStock via Getty Images Student Loan Debt The New York Fed’s recently released Household Consumer Debt and Credit Report for Q1’26 showed that Federal Student Loan Debt resumed its growth trajectory, having increased by 2% over the past year to almost $1.7 trillion. New York Fed Consumer Credit Panel / Equifax Student loans had ballooned in the early part of the 21 st century, then plateaued...
KLH49/iStock via Getty Images Student Loan Debt The New York Fed’s recently released Household Consumer Debt and Credit Report for Q1’26 showed that Federal Student Loan Debt resumed its growth trajectory, having increased by 2% over the past year to almost $1.7 trillion. New York Fed Consumer Credit Panel / Equifax Student loans had ballooned in the early part of the 21 st century, then plateaued in 2020-2024 due to the pandemic and it’s after affects. The acceleration in the growth of student loans was caused by the skyrocketing cost of education, which far outstripped inflation. Since 2000, college tuition and fees have grown by 198%, more than double the 96% increase in the overall CPI. Composition of Non-Mortgage Consumer Debt Student loans are tied with auto loans as the largest segments of Total Non-Mortgage Consumer Debt, with each at 30% New York Fed Consumer Credit Panel / Equifax They are followed by credit card debt at 22%, home equity loans at 8%, and other consumer loans at 10%. The burden on student loan debt is widespread, affecting one in six adults. Presently there are 42.8 million Americans carrying a federal student loan, with an average balance of almost $40,000. Borrowers Are Not Paying Back Their Student Loans There has been a significant deterioration in the asset quality of the student loans. Borrowers are just not paying them back. Serious Delinquencies, as measured by those who have not made a payment for 90 days or more, have jumped to 10.3% of total loans outstanding. This is the highest level in six years. New York Fed Consumer Credit Panel / Equifax The reason for the spike in delinquencies has to do with the changes to loan repayment requirements that were instituted during the pandemic, as well as technical reporting provisions. In March 2020, when the economy shut down, the Department of Education ( ED ) paused student loan payments. No one was required to make a loan payment, interest accrual was suspended, and involuntary collecti...
The pharmaceutical powerhouse still faces plenty of patent challenges, but it got a big one out of the way, securing time and money to work on other profit centers.
The pharmaceutical powerhouse still faces plenty of patent challenges, but it got a big one out of the way, securing time and money to work on other profit centers.
The memory stock has achieved incredible gains, and its valuation may still not look all that expensive when factoring in its near-term growth prospects.
The memory stock has achieved incredible gains, and its valuation may still not look all that expensive when factoring in its near-term growth prospects.
Bombshell CIA Testimony: Fauci Accused Of Intentionally Burying COVID Lab-Leak Evidence Authored by Steve Watson via Modernity.news, A CIA operations officer provided explosive sworn testimony Wednesday before the Senate Homeland Security and Governmental Affairs Committee, accusing Dr. Anthony Fauci of directly intervening in the intelligence community’s review of COVID-19’s origins. James Erdman...
Bombshell CIA Testimony: Fauci Accused Of Intentionally Burying COVID Lab-Leak Evidence Authored by Steve Watson via Modernity.news, A CIA operations officer provided explosive sworn testimony Wednesday before the Senate Homeland Security and Governmental Affairs Committee, accusing Dr. Anthony Fauci of directly intervening in the intelligence community’s review of COVID-19’s origins. James Erdman III, a veteran CIA special operations officer, told senators that in August 2021 the intelligence community was on the verge of concluding the virus most likely leaked from a lab in Wuhan, China. Days later, that position reversed with no clear explanation. Erdman stated under oath: “Dr. Fauci’s role in the cover-up was intentional. Dr. Fauci influenced the analytical process and findings by leveraging his position to ensure the IC consulted with a conflicted list of curated subject matter experts, public health officials, and scientists.” BREAKING: A CIA whistleblower just testified UNDER OATH that Anthony Fauci DIRECTLY meddled with intelligence agencies to cover up the COVID lab leak. Every day that Fauci remains free is an INJUSTICE. Per the whistleblower, the CIA was on the verge of calling it a lab leak —… pic.twitter.com/V6c4Xx67zd — Nick Sortor (@nicksortor) May 13, 2026 He added that intelligence leaders “purposefully downplayed the lab origin” and “knew the virus came from Wuhan but pushed the natural origin narrative anyway.” Erdman testified that CIA scientists had circulated papers noting “all the conditions were present for a lab leak,” yet senior analysts ultimately buried or softened those assessments. Senator Rand Paul pressed Erdman on the timeline. Paul described the Biden administration’s final moves as a “clean-up operation,” noting: “Scientific analysts concluded multiple times between 2021 and 2023 that a lab leak was the most likely origin of COVID-19. Yet those conclusions never shaped the official narrative… It was not until after the 2024 electio...
Veteran broadcaster accuses channel of ‘clear violations’ of Ofcom’s due impartiality rules UK politics live – latest updates The former Sky News political editor Adam Boulton has said GB News should lose its broadcasting licence, as he accused Britain’s media regulator of failing in its duty to protect impartial television news. Boulton, who was Sky News’s political editor for 25 years after the ...
Veteran broadcaster accuses channel of ‘clear violations’ of Ofcom’s due impartiality rules UK politics live – latest updates The former Sky News political editor Adam Boulton has said GB News should lose its broadcasting licence, as he accused Britain’s media regulator of failing in its duty to protect impartial television news. Boulton, who was Sky News’s political editor for 25 years after the channel launched in 1989, said he believed it was too late to revoke GB News’s broadcasting rights, despite bringing a partisan brand of coverage to British television since its debut in 2021 . Continue reading...
Sandisk (NASDAQ: SNDK) stock is in a three-day slump. Spooked by reports that Korea might want to tax AI profits earlier in the week, Sandisk shares sold off Tuesday -- and then kept on going down. Shares of the company, which specializes in producing NAND flash memory for use in artificial intelligence, slipped another 4.3% through 10:55 a.m. ET Thursday. And there doesn't seem to be any bad news...
Sandisk (NASDAQ: SNDK) stock is in a three-day slump. Spooked by reports that Korea might want to tax AI profits earlier in the week, Sandisk shares sold off Tuesday -- and then kept on going down. Shares of the company, which specializes in producing NAND flash memory for use in artificial intelligence, slipped another 4.3% through 10:55 a.m. ET Thursday. And there doesn't seem to be any bad news to explain it. Continue reading