BUZZ-Chipmaker Cerebras skyrockets in cracking debut after $5.55 bln IPO

Updates

** Cerebras CBRS.O shares soar as much as 108.8% in hotly anticipated New York debut

** Stock opened at $350, compared with $185 offer price

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

** The chipmaker 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


This page is machine-translated. Sahm tries to improve but does not guarantee the accuracy and reliability of the translation, and will not be liable for any loss or damage caused by any inaccuracy or omission of the translation. *Disclaimer: The above content only represents the author's personal position and opinion and does not represent any position of Sahm Capital Financial Company and Sahm cannot confirm the authenticity, accuracy, and originality of the above content. Investors should consider the risks of investment products in light of their circumstances before making any investment decisions. When necessary, please consult a professional investment advisor. Sahm does not provide any investment advice, nor does it make any commitments and guarantees.