Articles by Michael Okonkwo
Factorial Energy Debuts on Nasdaq, Shares Surge After SPAC Merger
Factorial Energy's stock jumped 16% to $13.80 in its first day of trading under the new ticker FAC following a SPAC merger that raised $100M for solid-state battery development.
Cerebras Surges on Bullish Analyst Coverage, AI Chip Demand in Focus
Cerebras Systems surged 18% Monday after at least nine Wall Street banks initiated coverage with bullish ratings, spotlighting the AI-chip maker's rapid rise as a test of AI hardware demand beyond Nvidia.
OpenAI Files for IPO as AI Race Intensifies
OpenAI has confidentially filed for an IPO, with key financials hidden until the S-1 goes public. The move comes amid rising AI competition and infrastructure costs.
Cerebras Surges 20% as Analysts Initiate Coverage, Highlighting AI Inference Demand
Cerebras shares surged 20% to $241.44 after analysts initiated coverage post-IPO, highlighting rapid demand for AI inference and key partnerships. Needham set a $300 target, with average analyst forecast at $295.
SpaceX IPO Set at $135, Retail Demand Surges Ahead of Nasdaq Debut
SpaceX plans to list on Nasdaq at $135 per share on June 12, with retail demand already double the shares available. The IPO values the company at $75 billion, but losses and valuation concerns loom.
Quantinuum Shares Dip Below IPO Price in Premarket Trading
Quantinuum shares dropped 2.52% in premarket trading, falling below their $60 IPO price after a $1.68 billion debut, as investors assess early-stage financials and quantum computing potential.
Fidelity Opens SpaceX IPO to Retail Investors with $2,000 Minimum
Fidelity slashes IPO access minimum to $2,000 for SpaceX, reserving up to 30% for retail investors. Allocations are set for June 12, but demand may outstrip supply and volatility is warned.
Forgent Power Surges 37% Above Follow-On Price as AI Data Center Demand Drives Record Orders
Forgent Power shares surged 37% above its $47 follow-on price, fueled by record bookings and backlog as AI data center demand keeps investor interest high.
Quantinuum Raises $1.68B in Nasdaq IPO, Quantum Sector in Focus
Quantinuum raised $1.68 billion in a Nasdaq IPO at $60 per share, above the marketed range, as the U.S. pledges $2 billion in quantum incentives. The company posted a $192.6 million net loss on $30.9 million revenue in 2025.
Rigetti Computing Slips Pre-Market as Quantum Sector Braces for Quantinuum IPO
Rigetti Computing shares fell 10.4% in pre-market trading ahead of Quantinuum's $1.68 billion Nasdaq IPO, signaling sector-wide pressure on quantum stocks.
Applied Aerospace Dips Below $20 IPO Price in Mixed NYSE Debut
Applied Aerospace & Defense shares slipped below their $20 IPO price in first-day NYSE trading, as strong revenue growth was offset by debt and customer concentration concerns.
Anthropic Takes Confidential Step Toward Public Listing Amid AI Boom
Anthropic has confidentially filed for an IPO, revealing its $965 billion valuation and $47 billion run-rate revenue. The move positions it ahead of rivals like OpenAI in the race to public markets.