Cerebras IPO, Nvidia CEO China trip lift tech stocks

Cerebras Systems, a UAE-based AI chipmaker backed by Amazon and OpenAI, is expected to launch the largest IPO of 2026 so far, while Nvidia CEO Jensen Huang joins a US business delegation to Beijing, providing a dual catalyst for tech stocks.

Chipmakers received a boost on Friday after the Wall Street Journal reported that Apple and Intel reached a deal for Intel to supply chips for the iPhone. This lifted US stocks to record highs. The positive momentum is expected to carry into Monday as Cerebras prepares its public debut. The company counts major tech firms as customers, and its IPO is likely to be the biggest of the year, drawing significant investor attention. Traders can track the stock's performance on NowPrice's live stocks dashboard once it begins trading. Meanwhile, the presence of top tech executives like Huang and Apple CEO Tim Cook in the US delegation to China signals potential easing of trade tensions, which could further support the sector.

For equities traders, the combination of a high-profile IPO and a potential thaw in US-China relations is a powerful sentiment driver. The IPO market has been subdued, and a successful Cerebras listing could open the door for other tech unicorns. Additionally, any progress in trade talks could reduce supply-chain uncertainties for semiconductor companies, which have been under pressure from export controls. The forward P/E for the tech sector remains elevated, but positive catalysts like these can sustain momentum.

Looking ahead, investors will watch for details on Cerebras' IPO pricing and first-day trading performance. The US delegation's meetings in Beijing will also be closely monitored for any concrete agreements. Key economic data releases later this week, including producer prices and retail sales, could influence broader market direction. Tech earnings season is winding down, but guidance from companies like Nvidia and Apple will remain in focus.