On May 15, Cerebras Systems rose 5.85% in pre-market trading, trading at approximately $327.50/share, with trading volume of $5.45 million. The stock continued its strong upward momentum following a blockbuster debut on the Nasdaq the previous day.
On the news front, Cerebras Systems officially began trading on May 14 under the ticker CBRS at an IPO price of $185 per share — well above its initial guidance range of $150–$160 — fueled by subscription demand exceeding 20 times the offering size. The company raised approximately $5.55 billion, making it the largest U.S. IPO of the year and the biggest U.S. tech IPO since Uber in 2019. Shares surged 68% on the first day of trading.
Founded in 2016 and headquartered in Sunnyvale, California, Cerebras is an AI infrastructure developer built around the world's first commercial wafer-scale processor, providing high-speed AI compute for both training and inference. Its clients include hyperscale cloud providers, foundation model labs, and enterprise AI initiatives. Notably, Cerebras has secured a multi-year agreement with OpenAI valued at over $20 billion to deploy 750 megawatts of high-speed AI compute. The IPO was jointly underwritten by Morgan Stanley, Citigroup, Barclays, and UBS. At its current price level, the company's market capitalization approaches approximately $490 billion on a fully diluted basis.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)
