Cryptosem

Cerebras raised $5.55 billion in its US initial public offering, as the AI chipmaker seizes on the surging demand for semiconductors. This is the largest IPO of the year so far. Shares were priced to open 89% above their listing price. Cerebras CEO Andrew Feldman joined Ed Ludlow on "Bloomberg Tech" before the stock started trading and called it a "pretty good day."

Artificial intelligence chipmaker Cerebras raised $5.55 billion in its US initial public offering. The company priced its shares at $185 each, giving Cerebras a market value of about $40 billion, based on the shares offered and outstanding in its filings. Bloomberg's Neil Campling reports.

Nvidia co-founder Jensen Huang joined US President Donald Trump on his visit to China as a last-minute addition to the trip, thrusting AI and technology into the spotlight before the high-stakes summit. Other US leaders on the trip include Apple's Tim Cook, Tesla's Elon Musk, Boeing's Kelly Ortberg and Goldman Sachs' David Solomon. Bloomberg's Minmin Low reports from Beijing.

Alger CEO and CIO Dan Chung discusses AI investment in an interview with Romaine Bostick and Katie Greifeld on "The Close."

1789 Capital Partner Paul Abrahimzadeh speaks to Romaine Bostick and Katie Greifeld on "The Close."

"Risk is on and at higher levels," Bob Sloan, managing partner at S3 Partners, says when discusses short covering in US stocks on "Bloomberg The Close."

Kim Forrest, Bokeh Capital Partners chief investment officer, says Tuesday's selloff is just a pause in momentum for skyrocketing chip stocks, not a shock from a hotter-than-estimated inflation report. She speaks with Ed Ludlow and Caroline Hyde on "Bloomberg Tech."

CoreWeave CEO Michael Intrator characterizes the company's first-quarter earnings as transformational, highlighting strong performance across revenue and operating margins. Speaking on "Bloomberg Tech," Intrator emphasizes robust demand from existing AI-native and cloud customers, as well as new verticals such as trading and finance firms and robotics companies integrating AI at scale.

Samsung Electronics Co. has reached a $1 trillion market valuation following booming demand for its chips used in artificial intelligence. Bloomberg's Sangmi Cha reports.

Advanced Micro Devices gave a strong forecast for the current period while Super Micro Computer shares gained in extended trading after the company reported improved margins. Michael Shepard reports on "Balance of Power: Evening Edition."