Cerebras IPO ignites trading surge as $100 billion valuation validates wafer scale AI chips in real time

Its shares nearly doubled after opening at $350

Cerebras’ Nasdaq debut sent its shares nearly doubling and pushed the AI-chip maker past a $100 billion market cap in hours. The win follows a turnaround from earlier customer-concentration concerns to new cloud-and-partnership momentum with OpenAI and AWS, as the company pivots toward inference capacity sold as a service.