Nvidia challenger Cerebras is scheduled for a high open in tonight's US stock IPO, with on-chain bulls strongly resisting over 70% premium to go long

BlockBeats News, May 14 — AI chip manufacturer Cerebras, known as the “Nvidia Challenger,” will go public today on the U.S. stock market, trading under the ticker symbol CBRS. The IPO was priced at $185 per share, with 30 million shares sold, raising approximately $5.55 billion, making it one of the largest IPOs in the AI infrastructure sector this year. In January, OpenAI signed a cooperation agreement worth over $10 billion with Cerebras, and OpenAI holds warrants to purchase over 33 million shares.

Currently, on Hyperliquid’s Perp DEX Trade.xyz on the blockchain, Cerebras’ pre-IPO price is listed at $288 per share, once reaching over $320, a premium of more than 70% over the U.S. IPO price, with a 24-hour trading volume of nearly $20 million, and open interest soaring to $28.3 million. Notably, the funding rate for Cerebras’ on-chain pre-IPO contracts has shifted from negative to positive, indicating investors are increasingly bullish on Cerebras and expect a strong opening and rally at tonight’s IPO.

Additionally, Cerebras’ chip features occupy the entire surface of a silicon wafer, whereas traditional processes typically etch dozens of chips on the same wafer. Cerebras’ single-chip wafer-level design integrates 4 trillion transistors and approximately 900k AI-optimized cores, with on-chip memory reaching 44 GB and memory bandwidth up to 21 PB/s, far surpassing thousands of GPUs, completely eliminating traditional chip-to-chip communication bottlenecks. It is especially suitable for ultra-large-scale AI training and inference, capable of efficiently handling trillion-parameter models.