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ARK’s Cerebras Bet Highlights Rich Valuation And Post IPO Volatility
Simply Wall St.76d agoneutral
ARK’s Cerebras Bet Highlights Rich Valuation And Post IPO Volatility

Cathie Wood's ARK Invest has significantly added to its position in newly listed Cerebras Systems (NasdaqGS:CBRS). The purchases come after a steep post-IPO decline in the stock. ARK Invest's buying activity highlights institutional interest in Cerebras' AI chip technology. Cerebras focuses on AI chip technology, an area that has drawn attention as companies look for ways to handle larger and more complex machine learning workloads. The company operates in a field where computing power and...

Investing.com76d agoneutral
Anthropic said to pick Morgan Stanley and Goldman to lead IPO

Investing.com -- Anthropic PBC has selected banks to lead its initial public offering, according to a Bloomberg report Wednesday. The artificial intelligence company, which makes the Claude chatbot, has chosen Morgan Stanley and Goldman Sachs Group Inc. to lead the offering. JPMorgan Chase & Co. will also work on the deal, the report said.

Here Are Wednesday’s Top Wall Street Analyst Research Calls: Boyd Gaming, Chipotle Mexican Grill, Conagra, Dollar General, MGM Resorts International, Omnicom Group, Yum! Brands, and More
24/7 Wall St.76d agoneutral
Here Are Wednesday’s Top Wall Street Analyst Research Calls: Boyd Gaming, Chipotle Mexican Grill, Conagra, Dollar General, MGM Resorts International, Omnicom Group, Yum! Brands, and More

Mid-Day Stocks: Stocks are trading lower on Wednesday, as oil and yields move higher. Once again, it was “Welcome back, my friends to the show that never ends.” On cue, the never-say-die stock market shook off early worries and all the major indices closed higher on Tuesday. Like the proverbial broken record, the S&P 500 ... Here Are Wednesday’s Top Wall Street Analyst Research Calls: Boyd Gaming, Chipotle Mexican Grill, Conagra, Dollar General, MGM Resorts International, Omnicom Group, Yum! Bra

A Look At Honeywell International (HON) Valuation As Aerospace Spinoff And Quantinuum IPO Take Shape
Simply Wall St.76d agoneutral
A Look At Honeywell International (HON) Valuation As Aerospace Spinoff And Quantinuum IPO Take Shape

Honeywell International (HON) is reshaping itself, preparing to spin off its Aerospace business into a separate public company while lining up investor days and an IPO for quantum subsidiary Quantinuum. See our latest analysis for Honeywell International. The stock has climbed 10.7% on a 30 day share price return and 20.1% year to date. Meanwhile, the 1 year total shareholder return of 12.5% and 3 year total shareholder return of 35.6% suggest momentum has been building as investors react to...

SpaceX Is About to IPO. History Says a 55% Stock Drop Could Be Coming Next.
24/7 Wall St.76d agobearish
SpaceX Is About to IPO. History Says a 55% Stock Drop Could Be Coming Next.

While SpaceX’s anticipated public debut has Wall Street salivating over what could be the most consequential IPO in a decade, the historical record offers a sobering warning. The company filed its S-1 in May, outlining three business segments: Space (Falcon and Starship launch services), Connectivity (the Starlink broadband network), and AI (X and Grok subscriptions). ... SpaceX Is About to IPO. History Says a 55% Stock Drop Could Be Coming Next.

Investing.com76d agobearish
Morgan Stanley backs Yum Brands, cuts Chipotle rating as growth outlook diverges

Investing.com -- Morgan Stanley has upgraded Yum Brands to Overweight from Equal-weight while downgrading Chipotle Mexican Grill to Equal-weight, arguing that the fast-food giant offers a more attractive combination of growth, value positioning, and technology-driven upside in an increasingly cautious consumer environment.

Robinhood Wants to Do More Business With Advisors. Referrals, AI, and IPOs Are Part of the Plan.
Barrons.com76d agoneutral
Robinhood Wants to Do More Business With Advisors. Referrals, AI, and IPOs Are Part of the Plan.

Robinhood Markets is expanding the services it can offer to registered investment advisory firms as the company seeks to drum up business for TradePMR, its unit that provides technology and asset-management and custody services to RIAs. At a company conference for advisors held this week in Washington, D.C., Robinhood unveiled new details about its client referral service, artificial intelligence capabilities, and access to IPOs for clients of RIAs. The moves signal how Robinhood intends to build on TradePMR, which it acquired just over a year ago.

The Real Winner in the Anthropic IPO Isn’t Anthropic, OpenAI, or Even Google.
24/7 Wall St.76d agoneutral
The Real Winner in the Anthropic IPO Isn’t Anthropic, OpenAI, or Even Google.

As the big wave of mega AI IPOs moves in, the retail crowd is probably eager to punch their ticket. Though it’s tough to tell where valuations will end on day one for the likes of Anthropic, OpenAI, and SpaceX, one thing is almost a guarantee: the trading activity is going to be wild. For ... The Real Winner in the Anthropic IPO Isn’t Anthropic, OpenAI, or Even Google.