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CNBC's "Fast Money"

Cerebras Surges In Nasdaq Debut… And Wheelin’ & Dealin’ In China 5/14/26

CNBC's "Fast Money"

CNBC

News, Investing, Business

3.91.3K Ratings

🗓️ 14 May 2026

⏱️ 43 minutes

🧾️ Download transcript

Summary

Shares of AI chipmaker Cerebras surging in its Nasdaq debut, topping $100 billion in market cap after a blockbuster IPO. How the rest of tech fared in today’s rally, and how the Fast Money traders are positioning in the group. Plus Applied Materials reports results, Biogen pushes ahead despite disappointing drug data, and the latest out of President Trump’s China trip. The CEOs and companies able to leave the mainland with a deal. Fast Money Disclaimer

Transcript

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0:00.0

Live from the NASAC market site in the heart of New York City's Times Square, this is fast money.

0:05.6

Here's what's on top tonight. Cerebrous sores, the AI chipmaker, jumping nearly 70% in its market debut,

0:11.6

all the details on the high demand IPO and what it says about the state of the AI race.

0:16.3

In dealmaking in Beijing, President Trump saying China has agreed to buy 200 Boeing claims,

0:21.2

will round up all the agreements getting inked and what it could mean for trade between the two

0:25.1

economic giants. Plus, biogen drops on his latest trial results. Ford revs up for a second

0:30.6

straight day and Coinbase mince some gains as Bitcoin nears 82K. Did we get some real clarity

0:36.5

for the crypto space and will it be off to the races from here? I'm Melissa Lee. Come to you live from studio at the NASAC. On the desk tonight, Tim Seymour, Carter Braxtonworth, Guy Damme, and Stuart Kaiser, head of equity trading strategy at Citigroup. Well, on a day where the Dow reclaimed 50K and the S&P close above 7,500 for the first time ever. It was tech in the driver's seat.

0:55.9

By far, the best performing sector in the S&P 500, up almost 2%, trading at all-time highs. The NASAC leading

1:01.9

major averages with a gain of nearly 1% in semis extending their run. The SMH now set to close

1:07.8

out a seventh straight winning week. NVIDIA playing a big part in boosting that group up over 4% today.

1:13.3

Now on a seven-day winning street, it closed the day with a market cap over $5.7 trillion.

1:19.3

Cisco also powering today's move, the biggest gainer in the S&B after last night's earnings,

1:23.5

showed skyrocketing AI demand.

1:25.5

That stock had its best day going back 15 years,

1:29.1

but much of today's euphoria tied to the biggest U.S. tech IPO in years.

1:34.0

Cerebra, shares of the AI chipmaker closing up 68%.

1:37.8

At $3111 a share, the stock pricing at already above range of 185,

1:43.8

and opened at 350, for more on the debut, what it means

1:46.8

for the chip trade. Let's bring in Christina Parts of Nevelas. What an exciting day today here.

1:51.0

I know. I know. There's a lot. First, it was InVidia and now just Cerebus. You talked about

1:55.2

pricing. It was 185, raised twice. I went up to Ohio about $385 today. And if you were to take

...

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