Cerebras Surges 90% on Trading Debut, Opens at $350 in Biggest IPO of the Year With $75 Billion Valuation
AI chipmaker Cerebras explodes 90% on its Nasdaq trading debut, opening at $350 after pricing at $185, claiming the biggest IPO of the year with a $75 billion valuation amid overwhelming investor demand exceeding 20 times available shares as it challenges Nvidia's dominance.