Chipmaker Cerebras indicated to open about 90% higher in U.S. market debut
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Article Excerpt
Cerebras shares skyrocket in debut as AI mania grips markets
UTKARSH SHETTI
REUTERS
PUBLISHED MAY 14, 2026
UPDATED MAY 15, 2026
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Shares of chip designer Cerebras Systems soared 89 per cent above the initial public offering price on their Nasdaq debut, extending the market’s unrelenting frenzy for companies seen as the biggest beneficiaries of the artificial intelligence boom.
Its shares opened at US$350 on Thursday, well above the IPO price of US$185 per …
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