#Cerebras Systems, an #AI #chipmaker, saw its stock surge 68% on its Nasdaq debut, valuing the company at $95 billion. The company raised $5.55 billion in its #IPO, the largest for a US tech company since Uber in 2019. Cerebras, which competes with #Nvidia, is shifting focus from hardware to #cloudservices, partnering with companies like #OpenAI and #AWS. https://www.cnbc.com/2026/05/14/cerebras-cbrs-stock-trade-nasdaq-ipo.html?eicker.news #tech #media #news