Another noteworthy event today is Cerebras' IPO on Nasdaq (the first trade hasn't even started yet). The stock price is predicted to surge, with initial signs indicating a near doubling in price. A sudden surge has already occurred on [date missing]. The chipmaker's stock is expected to open at around $353, 91% higher than its $185 IPO price. On Wednesday evening, the IPO was priced at $185, exceeding the previously announced $150-$160 range, which had been raised from $115 to $125. Cerebras also increased the number of shares offered from 28 million to 30 million. The company's chips are designed to support inference—the process of running AI models after training—a key focus for companies deploying applications. Cerebras manufactures macrochips, reportedly 58 times the size of Nvidia's B200 chip. In an interview with CNBC, CEO Andrew Feldman proudly stated that Cerebras is the only company in the 70-year history of the computing industry to have successfully built large-scale chips. Nvidia is under considerable pressure.