NVIDIA Challenger Cerebras Set for High-Profile US IPO Tonight, On-Chain Bulls Strongly Resist with Over 70% Premium for Long Position

BlockBeats News, May 14th. Cerebras, the AI chip manufacturer known as the "NVIDIA Challenger," today debuted on the US stock market under the ticker symbol CBRS. The IPO was priced at $185 per share, with 30 million shares sold, raising approximately $5.55 billion. This is one of the largest AI infrastructure IPOs this year. In January, OpenAI signed a collaboration agreement with Cerebras worth over $10 billion, and OpenAI holds warrants to purchase over 33 million shares.

Currently, on the Hyperliquid chain's Perp DEX Trade.xyz, Cerebras's Pre-IPO price is trading at $288 per share, briefly exceeding $320, showing a premium of over 70% compared to the US stock IPO price. The 24-hour trading volume is close to $20 million, and the open interest value has surged to $28.3 million. It is worth noting that the funding rate of Cerebras's on-chain Pre-IPO contract has shifted from a negative value to a positive value, indicating that investors are increasing their long positions on Cerebras, optimistic about a strong opening performance in tonight's IPO.

Furthermore, Cerebras's chip is characterized by occupying the entire surface of a silicon wafer, while traditional processes typically etch dozens of chips on the same wafer. Cerebras's single-chip wafer-scale design integrates 400 trillion transistors and approximately 900,000 AI-optimized cores, with on-chip memory of up to 44 GB and memory bandwidth of 21 PB/s, far exceeding GPUs by thousands of times, completely eliminating traditional chip-to-chip communication bottlenecks. This design is particularly suitable for ultra-large-scale AI training and inference, efficiently handling trillion-parameter models.