AI chipmaker Cerebras raises $5.55 billion in IPO (opens in new tab)

Cerebras Systems closed its first trading day on the Nasdaq at $311.07, up 68% from its $185 IPO price, after raising $5.55 billion in the offering. The Next Web described the debut as the largest U.S. technology IPO in years; TechCrunch called it 2026's biggest tech IPO so far.Highlights:Named customers: Ziarul National reported that Cerebras sells AI inference chips to OpenAI and AWS.Valuation: The Next Web said the first-day close gave Cerebras a market capitalization of about $95 billion;...