AI Chipmaker Cerebras Climbs 68% After Year’s Biggest IPO

Watch Paul and Scarlet LIVE every day on YouTube: http://bit.ly/3vTiACF.

Bloomberg Intelligence hosted by Paul Sweeney and Scarlet Fu

- Bailey Lipschultz, Bloomberg News Senior Equities Reporter, discusses Cerebras Systems shares jumping 68% in its trading debut after raising $5.5 billion in the year’s largest IPO. This illustrates investors’ surging appetite for artificial intelligence data centers and the chips running them.

-- Anurag Rana, Bloomberg Intelligence Technology Analyst, discusses tech. Figma gave an outlook for revenue in the current period that topped analysts’ estimates, touting early traction from charging users directly for AI features. Apple's partnership with OpenAI has become strained, with OpenAI preparing possible legal action due to the AI startup not seeing the expected benefits from the deal.

-Sid Philip, Bloomberg Chief Correspondent for Global Aviation, discusses Boeing appearing to have secured an order from China during US President Donald Trump's visit to the country, but details on numbers, aircraft type, and timing are unclear.

- Randall Williams, Bloomberg Business of Sports Reporter, discusses the top business sports stories. Sheldon Adelson’s son-in-law, Patrick Dumont, has big plans for the Dallas Mavericks and the city. Also, a group led by Silver Lake executive Egon Durban is acquiring 25% of the Las Vegas Raiders, according to people familiar with the matter.

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