In today’s briefing:
- Cerebras IPO Preview: Does The Size Matter? Top-Tier VC Investors and $1B+ Deal With UAE’s G42
- Cerebras Files Intent To IPO. This Will Be Interesting
- Copper Tracker Oct 7th, 2024: Copper Set to Pass 10,000 USD/Ton
- Helix Energy Solutions Up for Sale? 4 Reasons It’s A Prime Acquisition Target!
Cerebras IPO Preview: Does The Size Matter? Top-Tier VC Investors and $1B+ Deal With UAE’s G42
- Cerebras Systems, a high-growth Ai chip maker and hardware company that builds AI supercomputers with scalable architecture, has filed for an IPO on the Nasdaq.
- The AI company plans to raise up to $1B in upcoming IPO. Citigroup and Barclays are the lead bankers on the offering.
- Cerebras Systems may become the biggest disruptor since NVIDIA. The company’s growth is exceptionally high for any AI chip maker.
Cerebras Files Intent To IPO. This Will Be Interesting
- Cerebras presently derives up to 87% of its revenue from G42
- Microsoft gatecrashed Cerebras party with a $1.5 billion investment in G42 to “accelerate AI development and global expansion”
- G42 “severed its ties” with China in advance of the Microsoft investment
Copper Tracker Oct 7th, 2024: Copper Set to Pass 10,000 USD/Ton
- With China’s slew of stimulus measures released last month, we are confident that copper prices will break 10,000 USD/ton soon.
- The COMEX spread with LME has now started to build up to over 300 USD/ton, signaling that macro funds are getting bullish on copper.
- We continue to like the equity route to play copper with pure plays like Southern Copper (SCCO US) , Ivanhoe Mines (IVN CN), and Teck Resources (TECK US).
Helix Energy Solutions Up for Sale? 4 Reasons It’s A Prime Acquisition Target!
- Helix Energy Solutions has emerged as a prime candidate for strategic acquirers and financial sponsors exploring opportunities in the offshore oil and gas industry.
- The company, which provides specialized services such as well intervention, robotics, and production facilities, is exploring its strategic options, including a potential sale.
- Helix’s latest quarterly earnings call revealed a significant improvement in revenue and profitability, alongside strong operational performance across its key segments.
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