Cerebras IPO: shares jump ~68% in Nasdaq debut after $5.55B raise
AI chipmaker Cerebras Systems (CBRS) priced its IPO at $185 and closed its 2026-05-14 Nasdaq debut at $311.07 (+68%), raising $5.55B — one of the largest US tech IPOs in years — on the back of a reported >$20B multi-year OpenAI contract and an AWS partnership.
Key facts
- IPO price $185/share; first-day close $311.07 (+68%)
- Raised $5.55B; market cap approached ~$95-100B after debut
- 2025 revenue $510M (+76%); 2025 net income $237.8M
- Multi-year OpenAI contract reportedly worth >$20B; AWS partnership announced March 2026
- Wafer Scale Engine 3: single-wafer processor focused on inference
What happened
After years of delay, Cerebras listed amid booming demand for fast inference hardware.
Why it matters
Public markets now value a non-Nvidia AI chip company near $100B, validating demand for specialized inference silicon.
Changelog
- 2026-09-29: created
Sources (3)
- officialCerebras: IPO pricing announcement
- pressCNBC: Cerebras pops 68% in Nasdaq debut
- pressYahoo Finance: Cerebras jumps 69% in Nasdaq debut
id: 2026-05-14-cerebras-ipo · updated 2026-09-29 · open in the interactive timeline