「NVIDIA Challenger」 Cerebras' stock opens at $350 on its first day of trading, IPO price set at $185

BlockBeats News, May 15th, according to Bitget market data, AI chip manufacturer Cerebras, known as the "NVIDIA Challenger," opened on the U.S. stock market at $350 on its first day of trading. The IPO price was $185, surging to a high of $385 at one point, a premium of over 108% per share compared to the IPO price of $185.

This IPO sold a total of 30 million shares, raising approximately $5.55 billion, making it one of the largest AI infrastructure IPOs this year.