Cerebras IPO fuels AI stock frenzy as crypto loses investor attention
Cerebras Systems priced its IPO at $185 per share on Wednesday evening, targeting a $5.5 billion raise and valuing the AI chipmaker at $40 billion, according to the Financial Times. The company, a maker of chips purpose-built for the workloads powering tools like Claude Code and ChatGPT, was valued at $8.1 billion just eight months...
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