Cerebras Shares Jump 74% in IPO Debut
Cerebras Systems debuted on the Nasdaq with a 74% surge, pricing at $185 and reaching a $56 billion valuation as investors bet on AI chip demand.
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<p>Cerebras Systems shares surged 74% in their first day of trading Thursday, to $320 a share, as investors bet the cash-burning chip designer was primed to benefit from strong demand by OpenAI and other AI developers.</p> <p>The company had priced its initial public offering at $185 a share ...</p>
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