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Cerebras doubles on its first day of trading; this wafer-scale chip really has something, even OpenAI placed an order.

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Cerebras goes public, igniting the AI capital market, with Trump's son participating in the investment firm emerges
Cerebras Systems went public on NASDAQ on May 16, raising approximately $5.55 billion, with an intraday increase of 108%, and a first-day market value of about $67 billion. The company's wafer-scale giant AI chips are seen as a potential competitor to Nvidia and have secured computing power orders from OpenAI and others. 1789 Capital (involved with Donald Trump Jr.) participated in pre-IPO financing, with a valuation of about $23 billion, and shareholders span Silicon Valley and Wall Street. Analysts say this IPO intensifies the concentration of capital in AI infrastructure, drawing market attention.
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