It is Friday, May the 15th. I'm your host David Canellas and this is The Breakdown.

As always, we have a few quick stories for you this morning to get you ready for the day ahead

and the weekend in waiting. First, we're going to take a look at yesterday's mega

IPO of Cerebrus, AI chipmaker, Nvidia competitor, went bananas, raised $5.55 billion yesterday in a mega successful

IPO and crypto rails actually gave proper price discovery before the fact. We're going to be

taking a look at that. What's going to look at this story about someone using Claude to retrieve

almost half a million dollars worth of Bitcoin thought to be

lost for about a decade. And then we're going to round it out with an update to the Clarity Act

after yesterday's markup session in the Senate. So without further ado, this is the breakdown.

Let's get to it.

Nothing said on the breakdown is a recommendation to buy or sell securities or tokens.

This podcast is for informational purposes only and any views expressed by anyone in the show

are opinions, not financial advice.

Host and guests may hold positions in the company's funds or projects discussed.

So let's kick it off with this story about the mega cerebrus IPO from yesterday.

As the FT points out, less than a year ago,

it was valued at $8.1 billion in private financing.

Now it's worth almost $70 billion.

So an impressive near 9x, I think that is, in under a year,

which to be expected, if you're following the hype around AI stocks,

chip maker stocks.

Something that's interesting here, I mean, the stock more than doubled as soon as it went

...