The Next Web Cerebras Systems closed its first day on the Nasdaq at $311.07, up 68% from its $185 IPO price, giving the wafer-scale chip company a market capitalization of approximately $95 billion. The offering raised $5.55 billion, making it the largest US tech IPO since Snowflake's $3.8 billion debut in 2020. This milestone validates investor appetite for pure-play AI hardware and sets the stage for potential IPOs from SpaceX, OpenAI, and Anthropic, worth $3 trillion combined.
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