Cerebras Hits Bottom. Again. ⚡

Welcome to LazyListen. This is The Daily Rip for today. I.

I. infrastructure stocks slide as Cerebras hits a record low. 3 billion dollars Security Bet: Another stock-funded acquisition extends the quantum company’s buying spree.

6 GW Nuclear Pact: Constellation’s deal combines existing generation with upgrades to 11 nuclear units. I. AFTER THE BELL.

I. I. hardware and infrastructure stocks fell between three point nine percent and ten point seven percent Monday.

Barron’s linked broader chip weakness to a report that OpenAI’s recurring revenue could fall short of expectations, but the names within each little slice of the datacenter hardware industry had their own separate pressures. The RIP: LITE stock fell nine point eight percent, CIEN stock ten point zero percent, COHR stock seven point nine percent, CRDO stock seven point three percent and ALAB stock five point three percent. Memory names MU stock and SNDK stock lost three point nine percent and six point zero percent, respectively.

CBRS stock sank ten point seven percent. Lumentum CEO Michael Hurlston told Bloomberg TV Friday that optical parts are almost sold out through 2029, Barron’s reported. Some shortages could send customers toward competitors.

Lumentum gained five point two percent Friday, then gave back that gain and more Monday. Having orders is one thing. Having enough parts to fill them is another.

📉Memory stocks faced fresh competition concerns after China’s CXMT outlined a denser server-memory design, according to MarketWatch. 16 billion dollars repurchase authorization, but CHIPS Act restrictions prevent buybacks until December. 4 million shares reportedly eligible for sale October 14.

I. cloud provider Nebius, which rents Nvidia GPU capacity to companies training and running models, fell five point zero percent Monday. 3 billion dollars Security BetQuantum-computing company IonQ agreed Monday to buy Zero Trust cybersecurity firm Elisity, extending its full-stack strategy into security software.

8 times its recent pace. 3 billion dollars, including a performance-based earnout of up to 150 million dollars. 1 billion dollars, including Elisity.

1 billion dollars of cash out the door because several deals leaned heavily on stock. Still, that is nearly 47 times IonQ’s 130 million dollars 2025 revenue and more than 13 times its 450 million dollars to 460 million dollars 2026 forecast. IonQ is buying a full quantum stack faster than it could build one.

Shareholders are supplying a lot of the construction material. 59 gigawatts of power across the PJM grid. The RIP: CEG stock, down one point four percent fell one point four percent to two hundred ninety three dollars and eighty nine cents Monday after gaining nine point eight percent over five sessions.

4 times its recent pace, before slipping another zero point six percent after hours. Sell the news, I guess. The agreement includes a 20-year purchase of 890 megawatts of new capacity created by upgrading 11 existing nuclear units.

3 billion dollars of investment, with the first uprate arriving in 2028. 7 GW comes through a separate 15-year supply agreement covering existing generation. 59 GW headline is enormous, but only about one-quarter represents new electricity.

Google also gets steadier power for its data centers, while Constellation gets years of revenue visibility without waiting for a new reactor to clear the starting line. I. I.

I. I. com, deflating takeover speculation that lifted shares last Thursday and putting the focus back on restaurant traffic and its upcoming earnings report.

How do you feel about the Market Right Now? WHAT’S ON DECKTomorrow’s Top Things 📋Macro: Fed Governor Christopher Waller speaks (3:45 AM ET), Existing Home Sales (9:00 AM ET), Monthly Treasury Statement (9:00 AM ET), Richmond Fed President Thomas Barkin speaks (1:00 PM ET), Boston Fed President Susan Collins speaks (4:00 PM ET), +1 more. , JNJ stock Johnson & Johnson, C stock Citigroup Inc, +3 more.

☀️After-Market Earnings: FNGR stock FingerMotion Inc. 🌙 Thanks for listening. Catch you next time on LazyListen.