Wafer-level chips directly competing with Nvidia, Trump Jr. endorsing + OpenAI backing, this IPO has ignited the AI computing power war on Wall Street, and the capital concentration is a bit frightening.

Cerebras Systems went public on NASDAQ on May 16, raising approximately $5.55 billion, with a 108% intraday increase, 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 (participated by Donald Trump Jr.) participated in pre-IPO financing, with an estimated valuation of around $23 billion, with shareholders spanning Silicon Valley and Wall Street. Analysts say this IPO intensifies the concentration of capital in AI infrastructure and has attracted market attention.