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

Cerebras Systems, a Silicon Valley AI chipmaker, raised $5.55 billion in a Nasdaq initial public offering after selling 30 million shares at $185 each, above earlier marketed ranges. Several outlets called it the largest IPO so far in 2026 and the largest U.S. technology IPO since Uber's 2019 debut. The shares jumped in their first session, though sources gave different gains and valuations: The New York Times said the stock rose 89% in its market debut, Corriere della Sera and Blognone said ...