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AI chipmaker Cerebras aims to raise $3.5 billion in US IPO

AI chipmaker Cerebras aims to raise $3.5 billion in US IPO

May 4 (Reuters) - Nvidia-rival Cerebras Systems, which makes chips for artificial intelligence workloads, is aiming to raise $3.5 billion in its U.S. initial public offering.
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Ebay shares struggle to track GameStop's ambitious bid price on investor skepticism

Ebay shares struggle to track GameStop's ambitious bid price on investor skepticism

May 4 (Reuters) - Shares of U.S. online marketplace eBay jumped 10% but were well below GameStop's offer price in premarket trading on Monday, in a sign of doubts among investors that the $56-billion bid from the much smaller videogame retailer will succeed.
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Pinterest forecasts upbeat quarterly revenue on resilient advertiser spending

Pinterest forecasts upbeat quarterly revenue on resilient advertiser spending

May 4 (Reuters) - Pinterest forecast second-quarter revenue above analysts' estimates on Monday, helped by steady spending from advertisers as the image-sharing platform sharpens its ad offerings with deeper artificial intelligence integration.
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Paramount Skydance first-quarter profit benefits from cost-cutting

Paramount Skydance first-quarter profit benefits from cost-cutting

By Dawn Chmielewski May 4 (Reuters) - Paramount Skydance's pre-tax earnings rose in the first quarter, the company said on Monday, as streamlined operations and improved results in its streaming and studios businesses helped offset declines in television.
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Riot Platforms' Valuation Under Scrutiny Amid Share Price Surge

Riot Platforms' Valuation Under Scrutiny Amid Share Price Surge

Riot Platforms' Valuation Under Scrutiny Amid Share Price Surge
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Vertex tops profit estimates as sales of new cystic fibrosis drug surge

Vertex tops profit estimates as sales of new cystic fibrosis drug surge

May 4 (Reuters) - Vertex Pharmaceuticals on Monday beat Wall Street estimates for first-quarter adjusted profit, helped by a near eight-fold surge in sales of its new cystic fibrosis treatment.
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US stock futures mixed as Middle East risks remain in focus

US stock futures mixed as Middle East risks remain in focus

May 4 (Reuters) - U.S. stock index futures were mixed on Monday, pointing to a cautious start to the week as investors assessed the growing U.S.-Iran standoff over the Strait of Hormuz, the crucial oil shipping route that remains shut.
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Zacks Research Upgrades Endeavour Silver Stock Rating Amid Market Movements

Zacks Research Upgrades Endeavour Silver Stock Rating Amid Market Movements

Zacks Research Upgrades Endeavour Silver Stock Rating Amid Market Movements
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Cboe to cut staff by 20% as exchange operator sharpens focus on core business

Cboe to cut staff by 20% as exchange operator sharpens focus on core business

May 1 (Reuters) - Cboe Global Markets' CEO Craig Donohue on Friday outlined plans to sharpen the exchange operator's focus on key businesses, including a 20% reduction in its global workforce.
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Atlassian Stock Surges 29% Following Strong Earnings Report

Atlassian Stock Surges 29% Following Strong Earnings Report

Atlassian Stock Surges 29% Following Strong Earnings Report
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Alphabet Poised to Surpass Nvidia as World's Most Valuable Company Amid Market Shifts

Alphabet Poised to Surpass Nvidia as World's Most Valuable Company Amid Market Shifts

Alphabet Poised to Surpass Nvidia as World's Most Valuable Company Amid Market Shifts
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Brown University cuts stake in Blue Owl private credit fund by over 50%

Brown University cuts stake in Blue Owl private credit fund by over 50%

May 1 (Reuters) - Brown University's $8 billion endowment cut its stake in a publicly traded private credit fund run by alternative asset manager Blue Owl Capital by roughly 53%, according to a regulatory filing on Friday.