The Chipmaker's Big Bet on AI The impending listing of Cerebras Systems on the Nasdaq has sent shockwaves through the tech world, with investors eager to get a piece of the action in what promises to be one of the largest initial public offerings (IPOs) of 2026.
The company is set to debut at around $350 per share – nearly double its IPO price of $185.
The estimated valuation of Cerebras is roughly $40 billion based on outstanding shares, and approaching $49 billion on a fully diluted basis.