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Cerebras CBRS rockets 90% in Nasdaq debut valuing it above $75 billion as AI chip race heats up
Business
Published on 14 May 2026
Its IPO was 20 times oversubscribed on day one
Cerebras, an AI chipmaker founded in 2015, made a stunning Nasdaq debut with its shares jumping about 90%. Priced at $185 in its IPO, the stock opened at $350, quickly pushing the company’s valuation to over $75 billion. The move highlights surging investor demand for AI infrastructure, with subscriptions reported at more than 20 times the available shares. The debut also underscores how fiercely Nvidia, AMD and Intel are competing for the AI hardware buildout.
- Cerebras shares surged about 90% at the open
- IPO price was $185 per share; debut opening was $350
- Valuation rose to more than $75 billion almost immediately
- Offering demand reportedly exceeded available shares by 20x
- Rivals in the AI chip race include Nvidia, AMD and Intel
- Intel shares have gained over 215% this year on AI optimism
Read the full story at The Economic Times
This summarization was done by Beige for a story published on 
The Economic Times