Cerebras Targets $34B IPO Valuation, Hims Shares Tank on EPS Miss

The Rundown · May 12, 2026 · 10m

Market update for Tuesday May 12, 2026

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In today’s episode, Zaid covers:

April CPI coming in hot at 3.8%, the highest inflation reading since May 2023

eBay rejecting GameStop’s $55B+ takeover offer

Cerebras raising its IPO price range as AI chip demand heats up

Wendy’s stock surging on reports Nelson Peltz may pursue a take-private bid

Hims & Hers shares falling after its GLP-1 pivot comes with higher costs

Netflix revealing…