AI Chip Maker Cerebras Surges 108% on IPO Debut, Hitting $66B Valuation
Cerebras Systems, the AI chip designer that builds processors purpose-built for artificial intelligence inference, raised $5.5 billion in its IPO on Thursday after pricing shares at $185 — well above its revised target range — before opening to public trading at $385. The stock closed its first day at $311, giving the company a valuation of $66 billion. Co-founder […]