Cerebras prices IPO above expected range
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The Nvidia rival's stock offering price was $185, and it closed its first trading day at just above $311, indicating investors' powerful demand for AI stocks, particularly AI chip stocks.
Shares in the chipmaker nearly doubled as they began trading on the Nasdaq Wednesday in a sign that investor demand for AI-related listings is higher than anticipated. Update Thursday, 2 p.m. ET
Cerebras prices IPO at $185 a share amid strong demand; Traders expected a first-day pop
Demand for the AI chipmaker's debut was more than 20 times oversubscribed. But history offers some sobering context for what could come next.
Elon Musk’s rocket and satellite company has accelerated plans for its blockbuster public offering, with trading expected to begin as early as June 12 after a faster-than-expected SEC review.
Cathie Wood’s ARK Innovation ETF and ARK Next Generation Internet ETF bought 105,616 shares of newly public AI chipmaker Cerebras Systems on Thurs
A year ago, it looked like this day would never happen for Cerebras.