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

Cerebras Systems, a Silicon Valley maker of AI chips, raised $5.55 billion in its Nasdaq debut by selling 30 million shares at $185 each, with TechCrunch calling it the first large technology IPO of 2026 and VentureBeat describing it as the largest U.S. technology IPO since Uber in 2019. Shares surged on their first day of trading: TechCrunch reported a 108% gain, FT said the move pushed Cerebras toward a valuation of almost $70 billion, and The Register put its first-day value at more than $...