A screen displays an image of Gemini co-founders Tyler Winklevoss and Cameron Winklevoss, and the Gemini logo, during the company’s IPO at the Nasdaq MarketSite, in New York City, U.S., Sept. 12, 2025. Jeenah Moon | Reuters Gemini Space Station, the crypto exchange founded and led by the Winklevoss brothers, saw shares surge in extended…
OpenAI CEO Sam Altman arrives at the federal courthouse, as the trial in Elon Musk’s lawsuit over OpenAI’s for-profit conversion continues, in Oakland, California, U.S., May 14, 2026. Manuel Orbegozo | Reuters The first phase of the Musk v. Altman trial concluded proceedings in federal court in Oakland, California, on Thursday after attorneys for Elon…
CNBC’s Jim Cramer cautioned investors against chasing shares of Cerebras Systems after its explosive market debut Thursday. “While there might be a situation in the future where I can recommend Cerebras, I just can’t even come close to justifying the valuation up here given how much it’s already run right out of the gate,” the…
CNBC’s Jim Cramer said Nvidia should be allowed to sell artificial intelligence chips into China, arguing the U.S. would be better served by keeping Chinese companies reliant on American technology rather than forcing them to develop competing products. “You force them to build their own chips, they will catch up and with seemingly unlimited electricity,…
Tesla and SpaceX CEO Elon Musk attends a state banquet for President Donald Trump and China’s President Xi Jinping at the Great Hall of the People in Beijing on May 14, 2026. Brendan Smialowski | Afp | Getty Images SpaceX, which confidentially filed for an IPO in April, is planning to disclose its prospectus as…
Andrew Feldman, co-founder and chief executive officer of Cerebras Systems Inc., holds the Wafer Scale Engine 3 AI chip during the company’s initial public offering (IPO) at the Nasdaq MarketSite in New York, US, on Thursday, May 14, 2026. Bloomberg | Bloomberg | Getty Images The tech billionaires club has two new members after Cerebras’…
Andrew Feldman, co-founder and chief executive officer of Cerebras Systems Inc., holds the Wafer Scale Engine 3 AI chip during the company’s initial public offering (IPO) at the Nasdaq MarketSite in New York, US, on Thursday, May 14, 2026. Bloomberg | Bloomberg | Getty Images Cerebras Systems narrowly missed joining Facebook-parent Meta and Alibaba as…
Tech billionaire and Tesla founder Elon Musk walks through the Great Hall of the People with his son X Æ A-XII. Picture Alliance | Picture Alliance | Getty Images Elon Musk‘s lead counsel, Steven Molo, apologized to the jury for his absence on Thursday, with the Tesla CEO accompanying President Donald Trump in China as…
Cerebras Systems soared in its Nasdaq debut on Thursday, opening at $350 after selling shares at $185, well above the company’s expected range. That values the chipmaker at over $100 billion. The company sold 30 million shares in its offering late Wednesday, raising $5.55 billion, the largest IPO for a U.S. tech company since Uber’s…
Every weekday, the CNBC Investing Club with Jim Cramer holds a “Morning Meeting” livestream at 10:20 a.m. ET. Here’s a recap of Thursday’s key moments. 1. All three major indexes rallied Thursday, with the Dow reclaiming 50,000 after an important U.S.-China meeting and a blowout earnings report from Cisco Systems . It was a mixed…