ME News Report, May 16 (UTC+8), American AI chip company Cerebras Systems officially listed on NASDAQ, becoming the largest IPO globally since 2026, raising approximately $5.55 billion, with a 108% intraday increase, and a first-day closing market value of $67 billion. The company specializes in wafer-scale giant AI chip architecture, regarded by the market as a key competitor challenging Nvidia's GPU dominance, and has received compute order support from multiple AI companies including OpenAI. Notably, among its investors is 1789 Capital, which was involved in a deal with Donald Trump Jr. This firm participated in two funding rounds for Cerebras since 2025 and continued to increase its investment in subsequent rounds. Cerebras completed multiple funding rounds before its IPO, with valuation soaring to $23 billion, attracting institutions such as Benchmark, Fidelity, AMD, and other industry capital, forming a diverse shareholder structure covering Silicon Valley and Wall Street. Analysts point out that this IPO not only marks an important milestone in the AI chip sector but also further amplifies the trend of capital concentration in AI infrastructure, while the involvement of politically connected investment institutions adds more market and public attention to the deal. (Source: ChainCatcher)

NAS100-0.02%

NVDA-0.3%

AMD3.82%

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.

10 Likes

Reward
10
13
3
Share

Comment

Add a comment

AirdropOrganizer

· 05-31 11:43

The opening doubles, this valuation is a bit crazy

View OriginalReply0

ApeWithHomework

· 05-30 22:30

67B market value, even Nvidia falls silent; however, with orders and money in place, how long the story can be told is the key.

View OriginalReply0

NfaKitchen

· 05-30 22:06

Trump Jr.’s $1.789 Capital investment was spot on: with a pre-IPO valuation of $23 billion, it’s now directly tripled.

View OriginalReply0

YieldBonsai

· 05-30 16:32

Cerebras' wafer-scale chip truly dares to imagine—treating an entire wafer as a single chip. How do they handle heat dissipation and yield issues?

View OriginalReply0

MemeFisher

· 05-30 07:56

From 23 billion pre to 67 billion at the open, primary-market LPs can’t stop laughing

View OriginalReply0

WhitepaperByTheRoadside

· 05-30 07:55

Market value of 67 billion, how much is the revenue? Can't even calculate the P/S ratio.

View OriginalReply0

GlassBottleFeather

· 05-30 07:52

1.55 billion in fundraising, one of the biggest IPOs in the US stock market this year, right?

View OriginalReply0

SlippagePoet

· 05-30 07:46

First day 108% increase, making a killing on the new issue, are the buyers panicking?

View OriginalReply0

ReefUnderTheAurora

· 05-30 07:31

The timing of this IPO is well-chosen, right when the AI bubble discourse is at its peak.

View OriginalReply0

QuietRugAlarm

· 05-30 07:29

Wafer-level chips sound impressive, but in reality, the mass-production costs and the software ecosystem are the real battlegrounds.

View OriginalReply0

Trending Topics
View More
#
ShareYourUSStocksWinNvidia
3.35M Popularity
#
GatePartnersWithAlpacaToBridgeCryptoAndStocks
4.2M Popularity
#
ETHPlunges5PercentBelow1800
116.89M Popularity
#
HYPEHitsAllTimeHigh
5.37M Popularity
#
WinGoldBarsWithGrowthPoints
1.3M Popularity

Pinned

Sitemap

Cerebras’ IPO ignites the AI capital markets, and investment institutions involved with Donald Trump’s son come to light

Trending Topics

ShareYourUSStocksWinNvidia

GatePartnersWithAlpacaToBridgeCryptoAndStocks

ETHPlunges5PercentBelow1800

HYPEHitsAllTimeHigh

WinGoldBarsWithGrowthPoints

Pinned