# Cerebras raised the price range for its initial public offering on Monday.

*genai · news · 2026-05-11 · TechStartups.com*

## Key points

- Cerebras raised its IPO price range to $150-160 per share, targeting a $49 billion valuation.
- OpenAI has reportedly committed over $20 billion to projects using Cerebras infrastructure.
- Cerebras shifted from hardware sales to offering its own AI-powered cloud infrastructure.
- Amazon Web Services partnered with Cerebras to integrate its chips into AWS data centers.
- OpenAI once considered merging with Cerebras, with Elon Musk initially supporting the idea.

**Companies:** NVIDIA, Cerebras Systems
**Countries:** United States

[Read the full story on TechStartups.com](https://techstartups.com/2026/05/11/ai-chip-startup-cerebras-seeks-up-to-4-8-billion-in-upsized-u-s-ipo/)

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