Cerebras Systems Raises $5.5 Billion in IPO; Stock Surges 68...

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2026-05-16 03:00:17

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

An employee holds a silicon wafer with chips etched into it at Applied Materials in Sunnyvale, Calif., on May 22, 2023. Jim Wilson/Pool/AFP via Getty ImagesShares of AI chip company Cerebras Systems began

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