「NVIDIA Challenger」 Cerebras to List Next Week, On-chain Pre-IPO Price Surges 17.8% in 24 Hours, Breaking $290

BlockBeats News, May 9th – AI chip manufacturer Cerebras, known as the "NVIDIA Challenger," is set to go public on May 14th with the stock symbol CBRS. The IPO price range is $115 to $125 per share, and at the top end of the price range, the fundraising scale will reach $3.5 billion. In January, OpenAI signed a cooperation agreement with Cerebras worth over $10 billion, and OpenAI holds warrants to purchase over 33 million shares.

Cerebras' chip is unique in that it occupies the entire surface of a silicon wafer, while traditional processes usually etch dozens of chips on the same wafer. Cerebras' single wafer-level design integrates 400 trillion transistors and around 900,000 AI-optimized cores, with on-chip memory of up to 44 GB and memory bandwidth of 21 PB/s, far surpassing GPUs by thousands of times. This design completely eliminates the communication bottleneck between traditional chips and is particularly suitable for large-scale AI training and inference, efficiently handling trillion-parameter models.

Currently, on the Hyperliquid chain's Perp DEX Trade.xyz, Cerebras' Pre-IPO price has surged by 17.8% in the past 24 hours, now trading at $290.77 per share, with a 24-hour trading volume of $2.58 million and open interest worth $8.07 million.