AI Chip Maker Cerebro Systems Soars on NASDAQ Debut
Cerebras, an AI chipmaker, experienced a 68% stock price increase on its Nasdaq debut, reaching a market capitalization of $95 billion. The company's performance was noted on May 13, 2026. Cerebras Systems' shares closed up 68% at $311.07 on its Nasdaq debut. The company raised $5.5 billion in the year's largest IPO, achieving a market valuation of $67 billion. The AI chip maker and data center firm raised over $5.5 billion. The company's hardware is reportedly capable of running AI models faster than NVIDIA's offerings. The company's performance added to a booming market for AI-related equities.
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Sources · 7 independent
Bloomberg Radio
“their trading debut . The AI chip maker and data center firm raised a little more than $5.5 billion in this year”
CNA938 Singapore
“Cerebro Systems. So right now we saw that this is a chip designer. Okay . And the search as much as 89% in its NASDAQ debut”
CNA938 Singapore
“about $5.5 billion in what 's seen as the biggest IPO of the year so far. So it was cheap. AI chip maker”
CNA938 Singapore
“computing expl odes. And so this debut, really adds to Wall Street's booming appetite for AI-linked stocks. AI bubble who?”
Bloomberg Radio
“in Cisco Systems jumping 13%. On the combination of a solid outlook and a restructuring, today's shares in Ford picked up more than”
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