Evening Scan

The day's biggest story wasn't supposed to be GameStop. But here we are. Ryan Cohen's meme-stock-turned-crypto-treasury is making a $56B unsolicited bid for eBay, and the Cerebras IPO is actually happening — at a valuation that would have been absurd to say out loud two years ago.

$3.5B — What Cerebras is looking to raise in its IPO, selling 28 million shares at up to $125 apiece in a market that apparently forgives a blocked first attempt.

Anthropic and Wall Street Are Building a $1.5B Pipeline Into Private Equity

A JV with Blackstone, Goldman Sachs, Hellman & Friedman, and General Atlantic will funnel Claude into portfolio companies — less "AI for everyone," more "AI for the firms that own everyone." (The Next Web)

SK Hynix Jumps 12% as Big Tech Doubles Down on AI Memory

A $725B hyperscaler capex ramp and a 20% HBM price rise made the South Korean chipmaker the second-most valuable company on the KOSPI — the memory trade is very much still on. (The Next Web)