Qualcomm Eyes $40B by 2029 as Meta Picks Dragonfly CPU
Qualcomm nearly doubled its FY2029 non-handset revenue target to $40B and named Meta as its first data center CPU customer. QCOM popped, then settled +5%.
AI chip stocks
AMD Tops $900B at Record $558 as Ryzen AI Halo Lands
AMD jumped 8% to a record $558.37 on June 15, 2026, vaulting market cap above $900B as Ryzen AI Halo undercut Nvidia’s DGX Spark.
Marvell Joins S&P 500 June 22 — Up 230% YTD on AI Chip Demand
Marvell Technology joins the S&P 500 on June 22, 2026, replacing Pool Corp. The AI chip designer is up 230% YTD with a $246B market cap.
Cerebras Pops 89% in Nasdaq Debut, Briefly Tops $100B Cap
Cerebras Systems (CBRS) opened around $350 on its Nasdaq debut — 89% above the $185 IPO price — briefly crossing a $100B market cap before settling near $324.
Cerebras IPO Prices at $185, Far Above Range, for $5.55B
Cerebras priced its Nasdaq IPO at $185 a share — 19% above the upsized range — raising $5.55B as AI-chip demand erupts. Trading begins May 14 under CBRS.
Cerebras Systems IPO: $3.5B Raise Targets a $28B Valuation
Cerebras Systems targets $3.5B in a May 14 Nasdaq IPO, riding 76% revenue growth and a $10B+ OpenAI compute deal to a valuation near $28 billion.
AMD Tops $10B Revenue as AI Shifts From GPUs to CPUs
AMD surges 11% on a $10.3B Q1 beat as AI demand rotates from pure GPU plays to CPUs and memory chips, lifting the entire semiconductor sector.
Micron’s Best Week Since 2008 Ignites AI Chip Capital Markets
Micron surged 15.5% in its biggest week since 2008 as AI memory demand booms. Here is what it means for CHIPS Act financing, corporate bonds, and the Cerebras and Quantinuum IPO pipeline.
MaxLinear Surges 76% as AI Data Center Chips Drive Q1 Comeback
MaxLinear stock rocketed 76% on April 24 after Q1 revenue jumped 43% year-over-year to $137M, powered by a 136% surge in AI data center optical chip demand.