semiconductor / news / / The New York Times
Cerebras, a Silicon Valley maker of A.I. chips, opened trading of its shares on the stock market at $350, up 89 percent from an I.P.O. price of $185.
Cerebras opened trading at $350 per share, up 89% from its IPO price of $185.
KEY POINTS
- Cerebras raised at least $5.6 billion, making it 2024's largest public offering so far.
- Cerebras is now valued at $75 billion, marking the biggest tech IPO globally since 2019.
- SpaceX, OpenAI, and Anthropic are expected to be among the next major A.I. IPOs.
- Cerebras is positioning itself as a challenger to Nvidia's dominance in A.I. chips.
COMPANIES
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