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CNBC Daily Open: Trump-Xi summit delivers Wall Street boost
U.S. President Donald Trump speaks at a state banquet with Chinese President Xi Jinping (not pictured) at the Great Hall of the People in Beijing, China, May 14, 2026. Evan Vucci | Reuters Hello, this is Dylan writing to you from Singapore. Welcome to another edition of CNBC’s Daily Open. Wall Street was riding high […]
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Cerebras is the hot new AI chipmaker. Here’s Jim Cramer’s advice on the stock
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 […]
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Where Cerebras’ monster debut puts in among tech’s biggest IPOs
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 […]
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Cerebras almost doubles in Nasdaq debut, topping $100 billion market cap after blockbuster IPO
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 […]
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These three artworks could sell for $100 million each next week as May auctions begin
A large-scale Jackson Pollock drip painting titled, “Number 7A, 1948.” Crystal Lau | CNBC A version of this article first appeared in CNBC’s Inside Wealth newsletter with Robert Frank, a weekly guide to the high-net-worth investor and consumer. Sign up to receive future editions, straight to your inbox. Nearly $2 billion worth of art will come up […]
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CNBC Daily Open: Trump touches down in Beijing as U.S. inflation heats up
US President Donald Trump (C) is greeted by China’s Vice President Han Zheng as SpaceX, Twitter and electric car maker Tesla CEO Elon Musk (R) looks on at Beijing Capital Airport in Beijing on May 13, 2026. Brendan Smialowski | AFP | Getty Images Hello, this is Dylan Butts writing to you from Singapore. Welcome […]
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Microsoft feared being too dependent on OpenAI, Musk-Altman trial testimony reveals
Microsoft CEO Satya Nadella, right, speaks as OpenAI CEO Sam Altman looks on during the OpenAI DevDay event in San Francisco on Nov. 6, 2023. Justin Sullivan | Getty Images Elon Musk’s courtroom battle with Sam Altman over the last couple weeks has primarily revolved around the evolution of OpenAI. But it’s also shined a […]
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Allegiant CEO makes case for low-cost airline model as Sun Country acquisition closes
An Allegiant Air plane lands at Harry Reid International Airport on July 26, 2022, in Las Vegas. Chase Stevens | Las Vegas Review-Journal | Tribune News Service | Getty Images Allegiant Travel Co.’s acquisition of Sun Country Airlines closed on Wednesday, and the chief executive of the combined company, Greg Anderson, said Allegiant Air will […]
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AI-driven cyberattacks will start to be the ‘new norm’ in months, Palo Alto warns
As the ransomware industry evolves, experts are predicting hackers will only continue to find more and more ways of using the technology to exploit businesses and individuals. Seksan Mongkhonkhamsao | Moment | Getty Images Palo Alto Networks tech chief Lee Klarich said companies are losing time to step up software defenses as hackers increasingly exploit […]
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Amazon ditches Rufus chatbot, launches Alexa shopping agent in AI strategy pivot
An Amazon device is displayed at an Amazon Devices launch event in New York City on Feb. 26, 2025. Brendan McDermid | Reuters Amazon is axing its Rufus chatbot and making its Alexa assistant the centerpiece of its artificial intelligence shopping strategy. The company on Wednesday launched Alexa for Shopping, an e-commerce bot that can […]
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