$60B AI chip darling Cerebras almost died early on, burning $8M a month

Cerebras just had the biggest US tech IPO since Snowflake. SpaceX, OpenAI, and Anthropic are next.

Cerebras Systems closed its first day on the Nasdaq at $311.07, up 68% from its $185 IPO price, giving the wafer-scale chip company a market capitalisation of approximately $95 billion. The offering raised $5.55 billion, making it the largest US tech IPO since Snowflake’s $3.8 billion debut in 2020. CEO Andrew Feldman rang the bell […] This story continues at The Next Web

$60B AI chip darling Cerebras almost died early on, burning $8M a month

Cerebras Systems was 2026's biggest tech IPO so far. But years ago, it burned through hundreds of millions working on a chip many believed impossible.

Cerebras' blockbuster IPO boosts hype for SpaceX and OpenAI, but crowds out smaller players

After Cerebras popped in its market debut, all attention turns to SpaceX, OpenAI and Anthropic, which are already among the most valuable U.S. tech companies.

Benchmark almost passed on Cerebras before massive IPO payoff

The blockbuster Cerebras Systems IPO generated billions in value for founders and investors, including venture capital firm Benchmark,… The post Benchmark almost passed on Cerebras before massive IPO payoff appeared first on IMP.NEWS.

Cerebras stock faces sharp reality check after massive IPO debut

There is something almost poetic about watching a stock that opens at $350 - nearly double its IPO price, pull back 10% two days later. The market giveth. The market taketh. And the people who got in at $185 are…

Cerebras’ blockbuster IPO boosts hype for SpaceX and OpenAI, but crowds out smaller players

In this article CBRS BABA Follow your favorite stocksCREATE FREE ACCOUNTAndrew Feldman, co-founder and chief executive officer of Cerebras Systems Inc., center left, during the company’s initial public offering (IPO) at the Nasdaq MarketSite in New York, US, on Thursday, May 14, 2026. Bloomberg | Bloomberg | Getty Images Cerebras Systems’ raucous IPO this week gave investors a taste of what’s to come in artificial intelligence. But it also serv…