Cerebras Launches Massive $5.5B IPO at $185/Share, $40B Valuation as AI Chip Rival to Nvidia Goes Public
AI chipmaker Cerebras priced its IPO above range at $185 per share, raising over $5.5B in one of 2026's largest listings with a $40B market cap. The wafer-scale chips target AI inference, boasting customers like OpenAI and claims of 21x speed over Nvidia in some workloads. Trading begins today amid surging demand for AI compute alternatives.