Cerebras sells like hot chips
Wall Street Breakfast
Seeking Alpha
4.1 • 1K Ratings
🗓️ 14 May 2026
⏱️ 7 minutes
🧾️ Download transcript
Summary
Episode transcripts seekingalpha.com/wsb.
Show links:
Biggest stock movers Thursday: CSCO, DOCS, and more
US clears Nvidia H200 sales to Alibaba, Tencent, ByteDance, and others, Reuters reports
Xi asks Trump if U.S. and China can avoid ‘Thucydides Trap’ at high-stakes summit
Ford soars amid growing confidence that hyperscalers may use its energy storage business
Sign up for our daily newsletter here and for full access to analyst ratings, stock quant scores, dividend grades, subscribe to Seeking Alpha Premium at seekingalpha.com/subscriptions.
Transcript
Click on a timestamp to play from that location
| 0:00.0 | Welcome to Seeking Alpha's Wall Street Breakfast, where we cover the top news for investors every morning. |
| 0:07.6 | It's good to be with you on this Thursday, May 14th. I'm Julie Morgan. |
| 0:13.6 | AI chipmaker's Cerebris systems raise $5.55 billion in its U.S. initial public offering, |
| 0:23.7 | capitalizing on booming investor demand for artificial intelligence semiconductors. The company priced its shares at $185 each, which is above the |
| 0:31.4 | market at range. Cerebrus had offered 30 million shares in the IPO for $150 to $160 each, after revising the range |
| 0:41.1 | and number of shares higher on Monday. The shares are expected to begin trading on NASDAQ today |
| 0:47.0 | under the ticker symbol CBRS. The offering is expected to close on May 15th. On Wednesday, Bloomberg reported that Arm Holdings and its majority owner SoftBank |
| 0:58.4 | made an offer to purchase the Rebra Systems weeks before its planned IPO. |
| 1:04.6 | In conjunction with the third quarter results and guidance, Cisco announced on Wednesday |
| 1:09.5 | that it will be letting go fewer than 4,000 employees |
| 1:12.8 | as it continues to focus on artificial intelligence. |
| 1:17.2 | Cisco CEO Chuck Robbins said in a blog post that the companies that will win in the AI era |
| 1:22.8 | will be those with focus, urgency, and the discipline to continuously shift investment toward the areas |
| 1:29.4 | where demand and long-term value creation are strongest. He went on to say that he's confident |
| 1:35.3 | that Cisco will be one of those winners. Robin said the notifications of the layoffs, which |
| 1:40.9 | will impact roughly 5% of the company's workforce will start today on May 14th. |
| 1:47.1 | As part of the severance package, affected employees will receive a pro-rated payment of the fiscal 26 bonus, along with placement services. |
| 1:56.9 | Cisco said in a filing with the SEC that it currently estimates pre-tax charges of up to $1 billion, consisting of severance and other related costs. |
| 2:07.3 | Approximately $450 million of that will be recognized in the upcoming fourth quarter of fiscal 26, with the remaining amount recognized in fiscal 27. |
| 2:17.8 | Cisco is up 18% in pre-market action. |
| 2:22.2 | At its annual upfront event where broadcasters and streamers give a sneak peek of the schedule, |
| 2:28.1 | Netflix unveiled a busy 26-27 season. |
... |
Transcript will be available on the free plan in 7 days. Upgrade to see the full transcript now.
Disclaimer: The podcast and artwork embedded on this page are from Seeking Alpha, and are the property of its owner and not affiliated with or endorsed by Tapesearch.
Generated transcripts are the property of Seeking Alpha and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.
Copyright © Tapesearch 2026.