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Cerebras Systems Soars in IPO, AI Wave Rides High
Description
Cerebras Systems, an AI chip maker, had a successful IPO, pricing shares at $185 each and raising $5.55 billion. The company, known for its massive wafer-scale chips, saw demand exceeding 20 times the shares offered. Cerebras flipped to profit in 2025, with a net income of $237.8 million on $510 million revenue. They secured a $20 billion multi-year deal with OpenAI and a $1 billion loan. Despite heavy reliance on UAEs G42, revenue is diversifying. CEO Andrew Feldmans stake is worth $1.9 billion.
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