Jordan Novet

Key Points Cerebras shares opened at $350, up from its $185 IPO price. The chipmaker sold 30 million shares in its IPO, raising $5.55 billion, one of the largest U.S. tech IPOs in years.

Key Points Intuit wants to move “with greater velocity,” CEO Sasan Goodarzi said as the finance software maker said it would cut 17% of its full-time workforce.

Microsoft has not made the Maia 200 chips available to customers, but it is used in the company's data centers, offering better efficiency than other silicon.

Key Points Outages have plagued Microsoft's GitHub unit this year as the soaring popularity of vibe coding stressed its infrastructure.

Key Points Salesforce's quarterly results exceeded consensus, with Agentforce annualized revenue passing the $1 billion mark.

Key Points Dell reported 88% year-over-year revenue growth, topping analysts estimates.

The dynamic is emblematic of how business is seeking to sow favor with the president in his second term, and has departed from the norms of big business philanthropy and business entreaties to the White House.

Coding tools are becoming an increasingly big target for Google and Microsoft as they try to catch up to Anthropic and OpenAI.

Key Points At its Build developer conference in San Francisco, Microsoft announced MAI-Code-1, its inaugural model in the AI coding space.

Super Micro is the latest company tied to the AI boom to announce that it's tapping the capital markets.