# Cerebras is known for its wafer-scale engine chips, designed to speed up the training and inference of large AI models.

*semiconductor · news · 2026-05-04 · Reuters*

## Key points

- Cerebras is seeking a $26.62 billion IPO valuation, aiming to raise $3.5 billion.
- Cerebras secured a multi-year deal with OpenAI, valued at over $20 billion for 750MW of compute.
- The company reported a profit of $1.38 per share in 2023, reversing a prior year loss.
- Cerebras withdrew a previous IPO filing last October and is now attempting again.

**Companies:** Nvidia, Cerebras, AMD, Tiger Global
**Countries:** United States

[Read the full story on Reuters](https://www.reuters.com/business/ai-chipmaker-cerebras-targets-115-125-share-price-us-ipo-source-says-2026-05-04/)

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