Cerebras IPO to raise $5.5 billion at $185 a share valuing wafer-scale AI chipmaker over $55 billion

Its wafer-scale chips could reshape AI hardware timelines

US chip startup Cerebras Systems plans to launch an IPO on Wall Street at $185 per share to raise about $5.5 billion, valuing it at over $55 billion. The offering is the largest US IPO this year. Cerebras makes wafer-scale processors designed to accelerate AI workloads, aiming to boost performance for next-generation machine learning systems.