Get all your news in one place.
100's of premium titles.
One app.
Start reading
Fortune
Fortune
Allie Garfinkle

Cerebras soars almost 70% by market close in a true blockbuster IPO

Andrew Feldman, co-founder of Cerebras (Credit: Nathan Laine—Bloomberg/Getty Images)

In 2024, Cerebras filed to go public. In 2025, the company withdrew its IPO. And yesterday, Cerebras hit the public markets, at long last. 

The chipmaker, which designs and manufactures AI inference chips, has long billed itself as an Nvidia challenger, and its first day stock pop certainly reflected Nvidia-mania: Cerebras shares rocketed 70% by market close. 

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.