AI chip demand drives Cerebras IPO, global borrowing (opens in new tab)

AI-linked hardware and infrastructure companies attracted investor demand in mid-May as Cerebras Systems listed on Nasdaq, Kioxia prepared U.S. share plans after a profit surge, and large technology companies increased foreign-currency borrowing to finance artificial intelligence infrastructure. Forbes.cz said Cerebras, a Sunnyvale, California-based AI chipmaker, priced shares at $185, raised $5.55 billion and closed its first day about 68% higher; TMTPost said the first-day gain lifted its m...