May 15, 2026

Cerebras Systems Raises $5.5 Billion in IPO; Stock Surges 68 Percent in First Day

Shares of AI chip company Cerebras Systems began trading on the Nasdaq Global Select Market on May 14 under the ticker CBRS. The previous day, Cerebras priced its initial public offering (IPO) of 30 million shares at $185 per share ...