AI chip stocks have been on a tear. Nvidia Corporation (NVDA), Advanced Micro Devices (AMD), and Broadcom (AVGO) have all ridden the artificial intelligence wave to staggering valuations. But this month, a new name burst onto the scene and stole the spotlight. Cerebras Systems (CBRS), the company behind the world’s largest computer chip, went public on May 14 in the biggest IPO of 2026. The news came on after S&P Dow Jones Indices said it would fast-track the stock into eligible indices. CBRS shares opened well above the offer price as investors rushed to get in on the action.
With an S&P Index inclusion now set for May 25, Cerebras is suddenly moving from a hot IPO to a must-watch AI stock. Here’s what that could mean for investors.
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