Cerebras Systems Makes Record-Breaking IPO Debut
Cerebras Systems made its Nasdaq debut with an opening price of $350, significantly above the initial pricing range. The company raised $5.55 billion in what is now the largest U.S. tech IPO since Uber's 2019 offering. Cerebras reported over $510 million in fiscal 2025 revenue and has a multi-year deal with OpenAI valued at more than $20 billion.
Topics: AI hardware Cerebras Systems IPO Nasdaq debut