AI chipmaker Cerebras surges 81% after year’s biggest IPO
- 12 hours ago
- 1 min read
BLOOMBERG — The trading gives Cerebras a market value of nearly $72 billion, based on the outstanding shares in its filings. Accounting for restricted shares, options and warrants, the company has a fully diluted value of about $89 billion.
The IPO comes as investors are increasingly flooding into stocks of companies set to benefit from the billions of dollars top hyperscalers have pledged to spend building out AI capabilities.
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