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Cerebras Systems

Priced, Nasdaq: CBRS

Designs and produces semiconductors and supercomputers, and provides AI services.

Industry: Technology

Latest Trade: $210.05 0.00 (0.0%)

First Day Return: +68.1%

Return from IPO: +13.5%

We deliver high-performance AI offerings primarily through on-premises hardware and cloud-based solutions. Customers can also use a hybrid approach and train models on premises and then leverage our inference cloud in production, benefiting from flexible capacity that can scale with demand. We use a combination of direct sales and partnerships to address the rapidly growing AI market. On-Premises Hardware Solutions. We sell our hardware platform to leading organizations who seek maximum security over their data and their AI infrastructure, fulfilling their needs for high-performance AI compute on premises. Each system combines tightly integrated hardware and software and includes a renewable software subscription that provides continuous updates and upgrades. Cloud and Other Services. We also provide access to Cerebras high-performance AI compute through Cerebras Cloud as well as through our partner cloud platforms, including AWS Marketplace, Microsoft Marketplace, IBM watsonx Model Gateway, OpenRouter, Hugging Face, and Vercel AI Gateway. These offerings enable customers to utilize the full capabilities of our AI supercomputers without incurring the capital expenditures associated with building or maintaining on-premises infrastructure, and without the operational complexity of assembling and managing training or inference software. Customers can begin to use our cloud resources within minutes.
IPO Data
IPO Date 05/13/2026
Offer Price $185.00
Price Range $150.00 - $160.00
Offer Shares (mm) 30.0
Deal Size ($mm) $5,550
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
Underwriters
Underwriter Name Morgan Stanley
Underwriter Name Citi
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Company Data
Headquarters Sunnyvale, CA, United States
Founded 2016
Employees at IPO 708
Website www.cerebras.ai

Cerebras Systems (CBRS) Performance