Cerebras, Nvidia's "challenger," opened at $350 on its first day of trading on the US stock market, with an IPO price of $185.

This article is machine translated
Show original

According to BlockBeats, on May 15, Bitget data showed that Cerebras, an AI chip manufacturer known as the "challenger of Nvidia," opened at $350 on its first day of trading on the US stock market. The IPO price was $185, and it once surged to $385, a premium of more than 108% over the IPO price of $185 per share.

This IPO sold 30 million shares, raising approximately $5.55 billion, making it one of the largest IPOs in the AI infrastructure sector this year.

Source
Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
Like
Add to Favorites
Comments