The Biggest AI IPO Ever: Cerebras Debuts at $56B, Taking Aim at Nvidia’s Dominance
Cerebras Systems raised $5.55 billion in its initial public offering on May 14, 2026, pricing shares at $185 and achieving a fully-diluted valuation of $56.4 billion — implying a 110× multiple on its $510 million 2025 revenue. The stock opened at $350 and closed at $311.07, a 68% first-day pop, on the Nasdaq Global Select…