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Cerebras AI Chipmaker IPO: Wall Street's AI Boom
Description
Cerebras Systems IPO at $185 per share, aiming for $5.5 billion and a $40 billion valuation, highlights Wall Streets AI chipmaker frenzy. Semiconductor stocks surge, with Intel up 218%, AMD and Micron over 100%, and the Philly Semi Index climbing 66%. Crypto struggles, with Bitcoin down 12% and searches for buying it at a 12-month low. OpenAI and SpaceXs upcoming listings could be the biggest ever, potentially shifting big bets in tech away from digital assets.
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