Cerebras IPO Hits $60B Valuation, Powers OpenAI

Cerebras IPO Hits $60B Valuation, Powers OpenAI

Cerebras Systems priced its IPO at $185 per share on May 13, then opened on Nasdaq the next day at $350 and closed up 68% at $311. By May 16 the stock had settled near $280, putting the chip company at a $60B market cap.

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