{"id":772389,"date":"2026-05-04T10:39:44","date_gmt":"2026-05-04T10:39:44","guid":{"rendered":"https:\/\/www.europesays.com\/us\/772389\/"},"modified":"2026-05-04T10:39:44","modified_gmt":"2026-05-04T10:39:44","slug":"ai-chipmaker-cerebras-aims-to-raise-3-5-billion-in-us-ipo","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/us\/772389\/","title":{"rendered":"AI chipmaker Cerebras aims to raise $3.5 billion in US IPO"},"content":{"rendered":"\n<p class=\"yf-1fy9kyt\">May 4 (Reuters) &#8211; Nvidia-rival Cerebras Systems, which makes chips for <a href=\"https:\/\/tech.yahoo.com\/ai\/\" data-ylk=\"slk:artificial intelligence;elm:context_link;itc:0;sec:content-canvas\" data-yga=\"{&quot;yLinkElement&quot;:&quot;context_link&quot;,&quot;yModuleName&quot;:&quot;content-canvas&quot;,&quot;yLinkText&quot;:&quot;artificial intelligence&quot;}\" class=\"link \" rel=\"nofollow noopener\" target=\"_blank\">artificial intelligence<\/a> workloads, is aiming to raise $3.5 \u200cbillion in its U.S. initial public offering.<\/p>\n<p class=\"yf-1fy9kyt\">Sunnyvale, California-based \u200cCerebras is aiming to sell 28 million shares in the offering, priced \u200bbetween $115 and $125 apiece in the company&#8217;s second attempt to go public after withdrawing a previous IPO filing last October.<\/p>\n<p class=\"yf-1fy9kyt\">The company is known for its wafer-scale engine chips, designed to speed \u200cup the training and \u2060inference of large AI models, placing it in direct competition with <a href=\"https:\/\/finance.yahoo.com\/quote\/NVDA\/\" data-ylk=\"slk:Nvidia;elm:context_link;itc:0;sec:content-canvas\" data-yga=\"{&quot;yLinkElement&quot;:&quot;context_link&quot;,&quot;yModuleName&quot;:&quot;content-canvas&quot;,&quot;yLinkText&quot;:&quot;Nvidia&quot;}\" class=\"link \" rel=\"nofollow noopener\" target=\"_blank\">Nvidia<\/a> and other AI \u2060hardware firms.<\/p>\n<p class=\"yf-1fy9kyt\">The surge in AI adoption has set off a sharp rise in demand for the high-performance chips needed to \u200btrain and \u200brun complex models, turning \u200bsemiconductors into a key bottleneck \u200cin the technology supply chain.<\/p>\n<p class=\"yf-1fy9kyt\">As companies race to build out AI infrastructure such as data centers and cloud services, chipmakers have emerged as some of the biggest beneficiaries, with Nvidia leading the pack, as strong investor interest lifts \u200cvaluations across the sector.<\/p>\n<p class=\"yf-1fy9kyt\">Cerebras&#8217; revenue rose \u200bto $510 million in the year ended \u200bDecember 31, up \u200bfrom $290.3 million a year earlier. It also reported \u200ca profit of $1.38 per share, \u200ba turnaround from \u200ba loss of $9.90 per share a year earlier.<\/p>\n<p class=\"yf-1fy9kyt\">Morgan Stanley, Citigroup, Barclays and UBS are the lead underwriters \u200bfor the offering.<\/p>\n<p class=\"yf-1fy9kyt\">(Reporting \u200cby Echo Wang in New York and Rhea Rose \u200bAbraham and Pritam Biswas in Bengaluru; Editing by \u200bSherry Jacob-Phillips and Devika Syamnath)<\/p>\n","protected":false},"excerpt":{"rendered":"May 4 (Reuters) &#8211; Nvidia-rival Cerebras Systems, which makes chips for artificial intelligence workloads, is aiming to raise&hellip;\n","protected":false},"author":3,"featured_media":772390,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_share_on_mastodon":"0"},"categories":[21],"tags":[691,738,152801,511,1671,158,67,132,68],"class_list":["post-772389","post","type-post","status-publish","format-standard","has-post-thumbnail","category-artificial-intelligence","tag-ai","tag-artificial-intelligence","tag-cerebras-systems","tag-initial-public-offering","tag-nvidia","tag-technology","tag-united-states","tag-unitedstates","tag-us"],"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@us\/116515882125582725","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/772389","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/comments?post=772389"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/772389\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media\/772390"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media?parent=772389"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/categories?post=772389"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/tags?post=772389"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}