Cerebras shares skyrocket in debut as AI mania grips markets - Reuters

<a href="https://news.google.com/rss/articles/CBMiqwFBVV95cUxPY0RWNkR1ZVo1bF9Eem0xdEdhT080RURtem5xNVpDalRuZUMwTDZ6V19YQW41QXVaLW5tT2Y5SFZjdHNjR1JMWTBybW1xekJvajAxZXB0OW9vYk1pemN6UnFQeXRfRHFEX2FFNlNqdVdPcXJWVmxwOFk4S2diN1BaZFdTQ1V0MG9sajNpdnp2SW9PQm5IOXhDaVg3NzlzOENVVFZ4Sk42TV94bHc?oc=5" target="_blank">Cerebras shares skyrocket in debut as AI mania grips markets</a>&nbsp;&nbsp;<font color="#6f6f6f">Reuters</font>

Shares of chip designer Cerebras Systems soared 89% above the initial public offering price on their Nasdaq debut, extending the market's unrelenting frenzy for companies seen as the biggest beneficiaries of the artificial intelligence boom.

Cerebras Systems Inc. shares jumped 89% in its trading debut, after the artificial intelligence chipmaker and data center firm raised $5.55 billion in the year’s largest initial public offering.

Shares of chip designer Cerebras Systems soared 89% above the initial public offering price on their Nasdaq debut, extending the market’s unrelenting frenzy for companies seen as the biggest beneficiaries of the artificial intelligence boom.

Cerebras Systems Inc. shares surged more than 100% above their IPO price when trading opened Thursday, in a blockbuster debut that underscored investors’ intense appetite for AI infrastructure companies.

AI chipmaker Cerebras made a blockbuster Nasdaq debut on May 14. The company’s shares, listed under the ticker ‘CBRS’, opened near $350 after being priced at $185 in its initial public offering, marking an almost 89% jump in early trading.