![[H]ard|Forum](/styles/hardforum/xenforo/logo_dark.png){kind=logo}
https://www.nytimes.com/2026/05/14/technology/cerebras-ipo-ai.html?smid=nytcore-ios-share
89% !!!
Cerebras, a Silicon Valley maker of A.I. chips, opened trading of its shares on the stock market at $350, up 89 percent from an I.P.O. price of $185, valuing the company at $75 billion. In the week leading up to its market debut, Cerebras had lifted its offering price twice from a preliminary $115 and increased the number of shares it made available to investors, raising at least $5.6 billion for itself.
That made Cerebras the largest public offering so far this year and the biggest tech debut globally since 2019, said Matt Kennedy, a senior strategist at Renaissance Capital, which follows I.P.O.s.
“The A.I. I.P.O. boom is really starting to happen now,” he said.
Based in Sunnyvale, Calif., Cerebras makes advanced computer chi
ps that can be used to train A.I. models. It is particularly known for what it claims is the largest computer chip ever built — as big as a dinner plate, about 100 times the size of a typical chip — which can be used in data centers to help accelerate the progress of A.I.
When Cerebras started selling its product seven years ago, “nobody cared and the market wasn’t ready for it,” Mr. Feldman, 56, the chief executive of Cerebras, said in an interview.
“The turning point was that in the first half of 2025, the A.I. models got smart enough to be useful,” he said, adding that last year, “our business exploded.” The I.P.O. has turned Mr. Feldman into a billionaire.
89% !!!
Cerebras, a Silicon Valley maker of A.I. chips, opened trading of its shares on the stock market at $350, up 89 percent from an I.P.O. price of $185, valuing the company at $75 billion. In the week leading up to its market debut, Cerebras had lifted its offering price twice from a preliminary $115 and increased the number of shares it made available to investors, raising at least $5.6 billion for itself.
That made Cerebras the largest public offering so far this year and the biggest tech debut globally since 2019, said Matt Kennedy, a senior strategist at Renaissance Capital, which follows I.P.O.s.
“The A.I. I.P.O. boom is really starting to happen now,” he said.
Based in Sunnyvale, Calif., Cerebras makes advanced computer chi
ps that can be used to train A.I. models. It is particularly known for what it claims is the largest computer chip ever built — as big as a dinner plate, about 100 times the size of a typical chip — which can be used in data centers to help accelerate the progress of A.I.
When Cerebras started selling its product seven years ago, “nobody cared and the market wasn’t ready for it,” Mr. Feldman, 56, the chief executive of Cerebras, said in an interview.
