Cerebras stock nearly doubles on day one as AI chipmaker hits $100 billion — what it means for AI infrastructure

Cerebras nearly doubled in its Nasdaq debut, opening at $350 after pricing its IPO at $185 per share.

The AI chipmaker raised $5.55 billion by selling 30 million shares and briefly topped a $100 billion valuation.

Investor enthusiasm was driven by strong revenue growth, new partnerships, and its expanding cloud inference business.

The listing highlights demand for specialized AI infrastructure and could help Cerebras compete more directly with Nvidia.