Cerebras, the 'NVIDIA Rival,' Surges 68% on Nasdaq Debut [Global AI Briefing]

[Financial News] Cerebras Systems, an AI chip startup known as the 'NVIDIA rival,' jumped 68.2% above its IPO price on its first day of trading on Nasdaq, underscoring strong market interest in AI and semiconductors.
The intense attention surrounding Cerebras is also being seen as a sign of how warmly the market may respond to OpenAI and Anthropic, both of which are pursuing IPOs this year.
On the 14th local time, major foreign media outlets including Consumer News and Business Channel (CNBC) reported that Cerebras closed at $311.07 on its Nasdaq debut, up 68.2% from its offering price of $185. At one point during the session, the stock climbed as high as $385.

Founded in 2026, the semiconductor design company Cerebras says its chips outperform NVIDIA Corporation and Advanced Micro Devices, Inc. (AMD) in AI inference.
Its core technology is a chip design that is 58 times larger than NVIDIA Corporation's GPU. Because of the larger design, it does not need to connect multiple smaller chips, which helps speed up AI responses.
Recently, Cerebras signed a $2 billion supply deal with OpenAI. It has also already entered into partnership agreements with global AI companies including Amazon Web Services (AWS), Meta Platforms, Mistral AI, and Cognition.
Cerebras said it generated $510 million in revenue last year, up 76% from $290.3 million in 2024.


cafe9@fnnews.com Lee Gu-soon Reporter