Cerebras stock nearly doubles on day one as AI chipmaker hits $100 billion — what it means for AI infrastructure
Cerebras Systems, the Silicon Valley chipmaker that built the world's largest commercial AI processor, erupted onto the Nasdaq on Wednesday, opening at $350 per share — nearly double its $185 IPO price — and rocketing past a $100 billion market capitalization in its first hours of trading. The debut instantly crowned Cerebras as one of the most valuable semiconductor companies on Earth and validated a decade-long bet that the AI industry would eventually demand a fundamentally different kind of chip.The company sold 30 million shares at $185 apiece, raising $5.55 billion in what Bloomberg reported as the largest U.S. tech IPO since Uber went public in 2019. The final pricing shattered expectations: Cerebras initially marketed shares at $115 to $125, then raised the range to $150 t [...]
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OpenAI deploys Cerebras chips for 15x faster code generation in first major move beyond Nvidia
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Cerebras closes $1 billion funding round at $23 billion valuation after landing OpenAI deal
Cerebras Systems has closed a financing round of over one billion dollars, valuing the AI chip startup at around 23 billion dollars. A recent ten billion dollar deal with OpenAI likely helped attract [...]
Cerebras files updated IPO terms: $3.5bn raise at $26.6bn valuation
Three days after suggesting it might target up to $4bn at $40bn, the AI chipmaker has marketed 28 million shares at $115-$125 each, lining the deal up with its February private valuation rather than a [...]
Cerebras says it will work with everyone in AI hardware except NVIDIA
The strategy is defined by a single exclusion. Speaking at the Bloomberg Tech conference on Wednesday, Cerebras chief executive Andrew Feldman said the AI chipmaker is working with every major hardwar [...]
