Cerebras targets up to $3.5B in U.S. IPO to challenge Nvidia

Posted On May 4, 2026

AI chipmaker Cerebras plans a $3.5B IPO at $115-125/share, reporting $510M revenue and $238M profit in 2025 as it challenges Nvidia in AI compute. Artificial intelligence chip manufacturer and data center operator Cerebras Systems is seeking to raise up to…