NVIDIA Challenger Cerebras Surges to $390 on Opening, Over 114% Above IPO Price of $185

BlockBeats News, May 14, according to Bitget market data, AI chip manufacturer Cerebras, known as the "NVIDIA Challenger," today debuted on the U.S. stock market. The current CBRS indicated opening price has reached $390 per share, a premium of over 114% compared to the IPO price of $185 per share. A total of 30 million shares were sold in this IPO, raising approximately $5.55 billion, making it one of the largest AI infrastructure IPOs this year. In January, OpenAI signed a cooperation 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 now at $350 per share, lower than the Nasdaq's indicated opening price.

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