Another record close for the NASDAQ and S&P indices. Cerebras debuts and launches higher
The major US stock indices are all closing solidly to the upside. The Dow industrial average closed above the 50,000 level for the first time since February 12. The S&P index and the NASDAQ index both closed in positive territory and that record levels once again. The S&P index rose 56.99 points or 0.77% at 7501.25. The NASDAQ index rose 232.88 points or 0.88% at 26635.22. The small-cap Russell 2000 was also higher with a gain of 0.67%.
Shares of Cerebras IPO was a huge success with the price rising 68.3% to $311.26 after pricing at $185 after the close yesterday. The high price reached $386.34 before falling to a intraday low of $300.
Cerebras is an AI chip designer that competes with Nvidia, known for its Wafer-Scale Engine (WSE) — a single chip designed to handle the computational demands of large language models more efficiently than clusters of traditional GPUs. Rather than cutting many small chips from a silicon wafer like the rest of the industry, the WSE-3 uses the entire wafer as a single chip — roughly 57 times larger than the largest competing GPU die — giving it vastly more on-chip memory, more processing cores, and higher interconnect bandwidth, all without the latency of communicating across a multi-chip GPU cluster. The core pitch is speed: fewer systems, less power, less cooling infrastructure — what Cerebras calls the fastest AI inference infrastructure in the world.Nvidia was not deterred as it closed a new all-time high of $235.74 up $9.91 or 4.39%. The Cerebras out of the way, it opens the door for the IPOs of SpaceX and OpenAI ultimately.
To the moon.
This article was written by Greg Michalowski at investinglive.com.提供 MainLink：Investinglive RSS Breaking News Feed
FX初心者には必須 無料のうちにGET！
