Cerebras IPO debuts at $95B valuation
chamath.substack.com · 849 words · saved by 1 readers
A summary of the interesting content that I consumed this past week…
What I Read This Week: a summary of the content that I consumed this past week… Caught My Eye… 1) Cerebras IPO debuts at $95B valuation On May 14, Cerebras opened on the Nasdaq at $350 a share, peaked at $386, and closed at $311, valuing the AI chipmaker at ~$95 billion on day one. The company priced its IPO at $185 the night before, which was already a twice-upsized range, and raised $5.55 billion. It is the largest US tech IPO since Snowflake’s $3.8 billion debut in 2020. The stock ended the week at around $278. Cerebras builds wafer-scale AI accelerators, a single chip the size of a…
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