# Shares of U.S. chip startup Cerebras Systems surged in their market debut on Thursday.

*business, semiconductor · news · 2026-05-14 · The Economic Times*

## Key points

- Cerebras Systems' IPO pushed its valuation to about $80 billion after shares surged over 80%.
- Elon Musk accused OpenAI of manipulating him and diverting $38 million to a for-profit entity.
- BoE Chief Economist Huw Pill advocated for a prompt, modest interest rate increase due to Iran war risks.
- Ryanair expects no jet fuel shortages this summer but warns profits may face pressure if oil stays high.
- U.S. LNG export plant feedgas flows have fallen to a 15-week low due to seasonal maintenance.

**Companies:** OpenAI, Cerebras Systems, Ryanair
**Countries:** United States, United Kingdom, Ireland

[Read the full story on The Economic Times](https://economictimes.indiatimes.com/markets/us-stocks/news/us-stock-market-live-dow-jones-sp-500-trump-xi-china-iran-war-brent-crude-oil-energy-inflation-fed-rate-nvidia-cisco-chip-stock-price-news/liveblog/131093087.cms)

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