Cerebras flies on debut: stock jumps over 90% on the back of chip boom
From USD 185 per share at the start of the session, the company then traded close to USD 350
It was the most anticipated debut of this first part of 2026. And it certainly did not disappoint. Cerebras Systems debuted yesterday on the Nasdaq, confirming how artificial intelligence continues to drive investor interest in semiconductor and computing infrastructure stocks.
The company's shares immediately gained over 90 per cent, compared to the price set in the IPO, after a placement that raised $5.55 billion and gave the company a valuation of over $56 billion.
The $185 set for the debut, in fact, immediately became a memory, with the stock at around $350. An eloquent sign of how much appetite there is for AI chip-related stocks, and especially for stocks in this sector that are not already at highs.
At the moment, the Cerebras listing is the largest of the year in the US and comes at a time when markets continue to reward companies considered central to the development of the AI ecosystem, with companies such as Nvidia and AMD at their highs. And with others on the upswing such as Intel, which grew by around 220% during 2026 after a two-year dark period.
It must also be said that even bigger IPOs are expected later this year, such as those of Anthropic and SpaceX, where the figures are expected to be even bigger.
