From a 10B subscription interest to a 40B valuation, is the market truly hungry or just a bubble?

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Cerebras Targets $4B IPO, Valued at ~$40B
Sunnyvale, California-based AI chipmaker Cerebras Systems is seeking up to US$4 billion in an IPO that could value the company at approximately US$40 billion, according to Bloomberg. Formal marketing could begin as soon as May 4, with banks receiving more than US$10 billion in indications of
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