Cerebras stock jumps 108% on day one after $5.5B IPO
AI chipmaker Cerebras raised $5.5 billion in the first huge tech IPO of 2026; shares opened at $385, more than double the IPO price.
What happened
Cerebras, maker of giant AI chips, raised $5.5 billion in its IPO, the first huge tech IPO of 2026.
The numbers
| IPO price | $185 |
| Opening price | $385 (+108%) |
| First-day close | $311 |
| Valuation | about $66 billion |
Financials
- 2025 revenue: $510 million (+76%).
- Net income: $237.8 million, after a loss of nearly half a billion the year before.
- Customers include OpenAI, G42, MBZUAI and AWS.
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