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May 16, 2026: Weak End To The Week

Summary by Sophic Capital
Last week, Dow Jones fell 0.2%, S&P 500 was up 0.1%, and Nasdaq composite lost 0.1%, following new all-time highs on both the latter indices Thursday. Cerebras surged 68% in its IPO debut to a US$56 billion valuation. Geothermal pioneer Fervo Energy raised nearly US$2 billion, pushing its valuation past US$10 billion. SpaceX fast-tracked its Nasdaq listing for mid-June. Anthropic lined up a US$30 billion funding round at a US$900 billion valuati…
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Sophic Capital broke the news on Saturday, May 16, 2026.
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