** Chip firm Cerebras CBRS.O on track to open 95% above offer price in hotly anticipated New York debut

** Stock recently indicated to open at $360.75, compared with $185 offer price

** Sunnyvale, California-based CBRS sold 30 million shares, well above latest marketed range of $150 and $160 apiece to raise $5.55 billion in what was 2026's largest U.S. IPO

** CBRS previously boosted price range and number of shares after IPO demand exceeded supply by over 20 times, Reuters reported

** The firm is known for its wafer-scale engine chips, designed to speed up the training and ⁠inference ​of large AI models and compete with products from Nvidia and ​other AI chip firms

** Morgan Stanley, Citigroup, Barclays, and UBS Investment Bank are the lead book-running managers