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Cerebras's IPO was priced at $185 per share, and the stock traded up to over $300 per share after its debut.
The Cerebras IPO raised over $5.5 billion, making it the largest chip IPO in US history.
SpaceX is planning to raise $75 billion in its upcoming IPO.
Arm Holdings and its majority owner SoftBank attempted to acquire Cerebras a couple of weeks before the company's IPO.
The Cerebras IPO attracted $10 billion in investor demand before the deal formally launched.
SpaceX is expected to formally file for its initial public offering next week.
The Cerebras IPO, which raised over $5.5 billion, is the largest initial public offering for a chip company in United States history.
According to reporting from Mark Gurman of Bloomberg News, the two-year partnership between Apple and OpenAI is becoming frayed.
OpenAI has established a new entity to develop a hardware device that could potentially compete with Apple's products in the future.
Apple plans to license Google's AI models for use in its products.
Apple is expected to announce at its Worldwide Developers Conference on June 8th that its platforms will allow consumers to use a variety of AI models, not just those from OpenAI.
Former President Donald Trump announced on social media that China has agreed to purchase 200 "big aircraft" from Boeing.