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“Cerebras Boosts IPO Range as AI Chip Demand Surges” 🚨🚨🚨

Cerebras Systems is reportedly increasing both the price range and size of its upcoming IPO amid explosive investor demand for artificial intelligence hardware.

According to reports, the offering has been oversubscribed more than 20 times, prompting the company to raise its proposed range to $150–$160 per share, up from $115–$125, while also expanding the number of shares offered to 30 million.

At the top end, Cerebras could now raise as much as $4.8 billion, significantly above its earlier $3.5 billion target.

The IPO, led by major banks including Morgan Stanley, Citigroup, Barclays, and UBS, is expected to list under the ticker “CBRS” on the Nasdaq, positioning Cerebras as one of the most closely watched AI hardware debuts in recent years.

Cerebras designs wafer-scale AI chips built for training and inference workloads, competing indirectly with dominant semiconductor players in the AI ecosystem. Its flagship Wafer-Scale Engine-3 (WSE-3) is among the largest chips ever built, packing roughly 4 trillion transistors into a single system.

The company’s momentum has accelerated after securing major customers including Amazon and OpenAI, reinforcing investor belief that demand for specialized AI compute is still in its early stages.

After initially filing in 2024 and later pulling its IPO plans, Cerebras’ return to markets highlights renewed confidence in high-growth AI infrastructure plays.