Cerebras shares skyrocket in debut as AI mania grips markets - BNN Bloomberg
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Article Excerpt
Shares of Cerebras Systems 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 share, where it raised US$5.55 billion. The jump gives Cerebras a valuation of US$106.75 billion on a fully diluted basis.
The Sunnyvale, Calif.-based firm’s IPO is the largest so far this year and comes as AI-linked stocks push broader mark…
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Jun 8, 2026