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Cerebras’ IPO ignites the AI capital markets, with an investment firm featuring Trump’s son coming to light
ME News, May 16 (UTC+8): U.S. AI chip company Cerebras Systems officially listed on NASDAQ, becoming the largest IPO worldwide since 2026. It raised approximately $5.55 billion, surged as much as 108% during the trading day, and closed its first day with a market capitalization of $67 billion. The company is known for its wafer-scale massive AI chip architecture, which the market regards as a key challenger to Nvidia’s GPU dominance, and it has already received compute capacity order support from multiple AI enterprises, including OpenAI.
Worth noting is that among its investor roster is 1789 Capital, with involvement from Donald Trump Jr. Since 2025, the institution has taken part in two rounds of funding for Cerebras, and in subsequent financing rounds has continued to step up its commitment to the company. Cerebras completed multiple rounds of financing before the IPO; its valuation at one point rose to $23 billion, attracting institutions and industry capital including Benchmark, Fidelity, AMD, and others, forming a diversified shareholder structure spanning Silicon Valley and Wall Street.
Analysts noted that this IPO is not only an important milestone for the AI chip sector, but also further amplifies the trend of capital concentration in the AI infrastructure space. The appearance of investment institutions linked to political families adds even more market and public attention to the deal. (Source: ChainCatcher)