Gate Stock Token Latest Update: AI Chip Leader CBRS (Cerebras) Perpetual Contract Launch

Recently, the intersection between the cryptocurrency market and traditional capital markets has once again seen significant progress. According to official Gate news, the Gate Contract Stock Zone officially launched CBRS (Cerebras Systems) perpetual contract live trading on May 15, 2026. CBRS is a globally renowned star company in the AI chip industry, which just completed its NASDAQ IPO on May 14, with a first-day increase of up to 68%, becoming the largest US tech IPO since 2026. Gate’s early launch of the CBRS perpetual contract introduces this popular US stock target into the crypto trading ecosystem in a digital form, opening a new trading channel for investors worldwide.

Who is CBRS? Disruptor in the Wafer-Scale AI Chip Sector

CBRS corresponds to the stock of Cerebras Systems, a semiconductor company focused on AI training and inference chips. Unlike traditional AI chip companies like NVIDIA that choose the GPU route, Cerebras takes a different path by investing in the manufacturing of “wafer-scale chips” (Wafer-Scale Engine, WSE)—which involves making an entire wafer directly into a single AI processor to achieve higher bandwidth, lower latency, and greater computing power.

Cerebras has advanced to its third-generation product, WSE-3, manufactured with TSMC’s 5nm process, containing 4 trillion transistors and 900k AI cores, with 44GB of on-chip SRAM, making it the largest single chip in the world today. In practical performance tests, Cerebras’ inference system ran the Llama 3 70B model 21 times faster than NVIDIA’s flagship GPU B200.

In terms of commercial deployment, Cerebras has established deep collaborations with major clients such as OpenAI, Amazon Web Services (AWS), and UAE AI company G42. In 2025, the company’s revenue grew 76% year-over-year to approximately $510 million, shifting from significant losses to net profit, demonstrating strong commercialization capabilities.

CBRS Market Performance Review: A High-Profile Target Amid the AI Chip IPO Boom

On May 14, 2026, Cerebras Systems officially listed on NASDAQ under the ticker CBRS, with an IPO price of $185 per share, raising $5.55 billion. On the first day of trading, CBRS opened at $350, reaching a high of $385 during the session, with an intraday increase of 108%, ultimately closing at $311.07, a daily gain of 68.2%. Its fully diluted market cap was about $95 billion, making it the largest tech company IPO in the US since Uber in 2019.

On the second trading day (May 15), CBRS opened high but declined to around $275 during the session, closing at about $280, a roughly 10% retracement. The two-day volatility reached 109%, reflecting market divergence over the high valuation of AI IPO targets. As of the writing date, May 18, the market is still digesting the valuation normalization process following CBRS’s listing.

From a valuation perspective, at its peak, CBRS’s market cap was over 130 times its revenue over the past four quarters, far exceeding the valuation levels of mature semiconductor peers like NVIDIA. Additionally, about 86% of its 2025 revenue came from just two clients related to the UAE, indicating high customer concentration risks. Cerebras signed a deal with OpenAI to provide 750 MW of computing capacity before 2028, valued at over $20 billion, and allowed OpenAI to purchase up to 33.4 million non-voting shares—this long-term contract provides critical support for its future growth.

How Does Gate Contract Stock Zone Capture CBRS Trading Opportunities?

The launch of CBRS perpetual contracts on Gate offers crypto users the following core advantages:

• 24/7 Continuous Trading. Unlike US stocks, which are limited to NASDAQ’s fixed trading hours, Gate’s CBRS perpetual contracts break this restriction, allowing users to respond to current market price changes at any time, greatly improving responsiveness to global news and market shifts.
• Two-Way Leverage Trading Mechanism. The contracts support 1x to 20x leverage, enabling users to choose long positions to capture AI chip sector gains or short positions to hedge against overvaluation. Leverage can be flexibly selected at order placement, with capital efficiency far surpassing traditional US stock trading.
• USDT Settlement System. CBRS perpetual contracts are settled in USDT, eliminating the need for additional fiat currency accounts and allowing users to allocate funds to popular US stocks with a single crypto asset, significantly lowering operational barriers.

Gate Stock Token Ecosystem Continues to Expand—Insights from CBRS Product Matrix

The launch of CBRS is not an isolated case. Since 2026, Gate has been continuously expanding its stock token product line. According to official announcements, since the first quarter, Gate has launched over 30 perpetual contracts for stocks and ETFs, covering sectors such as AI and tech giants, aerospace and defense leaders, consumer goods giants, and core ETFs.

Recent notable developments include:

• Pre-market Trading of AI Unicorns: On April 13, 2026, Gate launched pre-market trading for perpetual contracts of five tokens including OPENAIUSDT, ANTHROPICUSDT, ANDURILUSDT, KALSHIUSDT, and POLYMARKETUSDT, supporting 1x to 10x leverage.
• Tech Giants Contracts: On January 29, 2026, launched perpetual contracts for MSFT (Microsoft), IBM, INTC (Intel), ARM; and on March 3, for RTX (NVIDIA), TSMC, Boeing, among others.
• Dual Product Architecture: Gate’s stock token product line has expanded to include both xStocks and Ondo Stocks modes, both fully collateralized and pegged 1:1 to real stock prices.

From an industry perspective, as of early 2026, Gate’s stock token zone has accumulated over $140 billion in trading volume, with a monthly market share of 89.1%. This indicates that Gate has become the dominant leader in the crypto stock token sector.

Market Outlook and Risk Warnings

The AI semiconductor sector remains one of the most attractive narratives in the global capital markets in 2026. Industry-wise, demand for large language model training and inference computing power is expanding exponentially; policy-wise, the digital asset industry is experiencing an “asset expansion” phase, with stock tokens serving as a key bridge connecting traditional finance and Web3 ecosystems, moving from fringe to mainstream.

However, CBRS and its AI chip sector face multiple uncertainties: its huge valuation requires ongoing validation of commercialization; cyclical fluctuations in AI infrastructure investments may impact industry confidence; as synthetic derivatives, stock tokens are linked to underlying stock prices but their pricing mechanisms are still influenced by crypto market liquidity, potentially causing price discrepancies from actual stock values. Crypto asset investments are high-risk, with volatile prices, and users should make decisions cautiously based on their financial situation and risk tolerance.

Summary

Gate’s Contract Stock Zone has launched CBRS (Cerebras Systems) perpetual contract trading, supporting 1x to 20x leverage for long and short positions, settled in USDT, offering 24/7 trading opportunities to global crypto users. As the largest AI chip IPO target since 2026, CBRS’s first-day stock surged 68%, maintaining high market enthusiasm. With the sustained strong demand for AI infrastructure, Gate is expanding its stock token product matrix—over 30 US stocks and ETFs perpetual contracts launched in the first quarter, with a total trading volume exceeding $140 billion and a market share of 89.1%—laying infrastructure support for deep integration of crypto and traditional capital markets. For those seeking more efficient participation in the hottest AI investment opportunities worldwide and flexible leverage management, Gate’s Contract Stock Zone is worth close attention.