AI consulting startup Distyl AI raises $175 million at a $1.8 billion valuation - The Information

TradingKey - Strategy, the world's largest Bitcoin holder, recently released its first-quarter earnings report, posting a net loss of $12.54 billion. Diluted loss per share reached $38.25, far exceeding the market expectation of $18.98.

If SanDisk continues along its path and actually achieves the consensus estimate of $168 in earnings per share in one year, a P/E multiple of 22 — which is a rather conservative estimate of the S&P 500 average — would imply a stock price of close to $4,000.

TradingKey - Since its listing on April 2, the Roundhill Memory ETF (DRAM) has surged 88% in just 25 trading days, with assets under management (AUM) surpassing $5 billion. This pace of growth is second only to the 24-day record set by the iShares Bitcoin Trust (IBIT).

TradingKey - AI chipmaker Cerebras is reportedly planning to list on Nasdaq on May 14 under the ticker symbol “CBRS.” The IPO is expected to be the largest in the U.S. this year, placing Nvidia’s (NVDA) strongest challenger in the AI computing space officially under the capital market spotlight.

TradingKey - On May 5 (ET), Advanced Micro Devices (AMD) released its first-quarter fiscal 2026 financial results after the market close. The company reported revenue of $10.253 billion, up 38% year-over-year, exceeding market expectations of $9.89 billion. Non-GAAP earnings per share (EPS) were $1.