Happy Tuesday. A reacceleration in inflation, stoked by higher energy prices caused by the ongoing Iran conflict, was a staple of worry today. The Nasdaq and Russell 2000 fell over 2% intraday, before staging a recovery. Heading into day close, the Dow Jones rose into the green, up about a fifth of a percentage point. The S&P 500 was also above where it started the day, while the Russell and Nasdaq notched a healthy recovery.
Cerebras Systems is back after its 2024 IPO was derailed by a national security review. It might have been for the better. With new partners in Amazon and OpenAI, the company which calls itself the "market leader in high-speed AI inference" is arriving on Wall Street with a bigger, better, and more valuable story. The biggest listing of 2026 (at least so far) will be priced tomorrow, set to list on Thursday.
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