Oracle’s stock has fallen nearly 50 per cent since hitting a record in September and dropped 14 per cent in the six sessions through Thursday, its worst stretch in months. Of the 51 Wall Street analysts tracked by Bloomberg who follow the company, 41 have buy ratings and only one rates it a sell. The […]

After a CFIUS-induced retreat in 2024, the wafer-scale chip startup is back with an OpenAI deal in its pocket and a sharper bet against Nvidia. Eighteen months ago, Cerebras Systems looked like a cautionary tale. The Sunnyvale-based AI chip startup had filed for an initial public offering in September 2024, only to see its plans […]

New York Times:
Ripple Labs investor and exec Chris Larsen plans to spend $3.5M to help Alex Bores, a NY congressional candidate at the center of a proxy war over AI regulation  —  Chris Larsen, who hails from California, plans to spend $3.5 million to help Alex Bores, a New York congressional candidate …

Lauren Thomas / Wall Street Journal:
Sources: GameStop is preparing to make an offer for eBay after quietly building a stake; GameStop had a market cap of ~$11B as of May 1, while eBay had ~$45B  —  Retailer's CEO Ryan Cohen has been eyeing a major deal, in part to clinch a huge payday  —  GameStop is preparing to make an offer for eBay …

Allie Garfinkle / Fortune:
Avoca, whose AI agents let physical services businesses handle inbound calls and dispatch, raised $125M+ across seed, Series A, and Series B at a $1B valuation  —  Tyson Chen and Apurva Shrivastava were chasing restaurants when they found an HVAC company.  —  The two engineers had first met …