Sep 28, 2024 | Weekly Cache
Cerebras Systems, is targeting raising US$750 million to US$1 billion in an IPO, potentially valuing the company between US$7 to US$8 billion. Fintech Chime has reportedly hired Morgan Stanley to lead its IPO. Cyberecurity startup Wiz is reportedly in share sale talks...
Sep 21, 2024 | Weekly Cache
Last week, following the Fed’s 50 bps rate cut, Dow Jones rose 1.6%, S&P 500 gained 1.4%, and Nasdaq Composite was up 1.5%. Chipmaker Qualcomm has been considering a full takeover of Intel. Intel’s shares have fallen 60% this year. WSJ notes that a deal...
Sep 14, 2024 | Weekly Cache
Markets had a dramatic revival mid-week, as result, Dow Jones closed the week up 2.6%, S&P 500 was up 4%, and Nasdaq Composite gained 5.95% — their best weekly gains of the year. Market participants are widely expecting a Fed rate cut next week, with some...
Sep 7, 2024 | Weekly Cache
Last week, Dow Jones dropped 2.9%, S&P 500 lost 4.25% (worst weekly losses for both indices since March 2023), Nasdaq composite fell 5.8% (worst weekly loss since January 2022). Investors appear concerned the Fed may be behind the curve on a slowing economy, and...
Aug 31, 2024 | Weekly Cache
Despite a strong Friday, markets ended the week mixed. Dow Jones rose 0.9%, S&P 500 was up 0.2% and Nasdaq Composite fell 0.9% during the week. Nvidia, Apple, Microsoft have been in talks about participating in a financing that would value OpenAI at over US$100...
Aug 24, 2024 | Weekly Cache
Last week, Dow Jones rose 1.3%, S&P 500 gained 1.45%, and Nasdaq composite was up 1.4%. Federal Reserve Chairman Powell indicated interest rate cuts are imminent. The next catalyst for tech investors is Nvidia earnings next week. AMD is acquiring ZT Systems, which...
