MarketCatalystCerebras shares fell below their $185 IPO price this week as a SemiAnalysis report questioning OpenAI's hardware choice collided with a major lockup expiration and tens of millions in insider stock sales — even as the company's $25.4 billion backlog gives some analysts reason to see the selloff as overdone.
A wave of Wall Street price-target hikes followed Micron's blowout fiscal Q4 report, with Rosenblatt setting a Street-high $1,900 target as analysts point to an AI memory "hypercycle," a secured 2027 revenue backlog, and blockbuster forward guidance.
Synopsys shares jumped as much as 7% after the company unveiled GPT-Synopsys, a chip-design AI model built with OpenAI, alongside a new multi-year plan targeting 15% annual revenue growth and a $1 billion near-term buyback.
Anthropic's IPO prospectus shows revenue up twelvefold to $4.59 billion alongside a $42 billion net loss and a $518 billion infrastructure spending plan — plus a Founder LLC structure that would give its seven co-founders 50.1% voting control after the company goes public.
OpenAI's annualized revenue run rate is nearing $70 billion after surging more than 70% since Q3, driven by enterprise sales that more than doubled — putting it ahead of Anthropic's $65 billion figure from July on this closely watched, if imprecise, metric.
Fair Isaac shares sank as much as 20% premarket after FHFA said Fannie Mae and Freddie Mac will merge their mortgage pricing grids into one that puts VantageScore on equal footing with Classic FICO — the second major blow to FICO's mortgage-scoring dominance this month.