Cerebras IPO Stock Pop; Apple-OpenAI Drama
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Generative AI
AI Hardware
This was quite the day. OpenAI is jumping up and down about its unhappiness with Apple (it’s doubtful Tim Cook is shaking in his boots). Big telecom threw down the gauntlet to Elon Musk and Amazon (not that they should worry). We get to both news items lower down. But first…the AI trade on Wall Street is booming, as nstrated by today's public debut of AI chip destart Cerebras Systems. Shares of Cerebras jumped 68% from the IPO price to close at $311.07, valuing the company at about $94B.