AI chipmaker Cerebras Systems is targeting a share price range of $115 to $125 for its upcoming initial public offering in the United States, according to a source familiar with the matter. The company, which specializes in artificial intelligence processors, represents one of the notable tech IPOs amid continued investor interest in AI infrastructure.

Meanwhile, South Korean memory chip manufacturer SK Hynix saw its shares rally 13% following signals from major U.S. technology companies indicating strong spending plans for artificial intelligence infrastructure. The stock surge reflects broader market optimism about continued investment in AI hardware and memory components.

In the sensor technology space, lidar company Ouster is developing new color lidar technology that aims to replace traditional cameras by simultaneously capturing both depth and image data. CEO Angus Pacala described such a sensor as a "holy grail" for the industry, highlighting ongoing innovation in data collection technologies.

The technology sector is also seeing continued venture capital interest in AI infrastructure components. Investment activity has increased over the past year in technologies that support AI operations, though these often involve less visible but essential elements of the AI technology stack.

Additionally, the satellite industry is experiencing growth as new startups in San Francisco work to leverage recent technological advances in space-based data collection and communications systems. These developments reflect the broader expansion of data-gathering capabilities across multiple technology sectors.