Cerebras stock soars to $350 on debut, pushing valuation beyond $100 billion

Cerebras stock: valuation breakthrough

Cerebras stock erupted onto Nasdaq at $350 per share, nearly double its $185 IPO price, and vaulted the company past a $100 billion market cap in minutes. The debut made Cerebras one of the world’s most valuable semiconductor firms and vindicated a decade‑long bet on wafer‑scale AI chips. The company sold 30 million shares, raising ↑ $5.55 billion – the biggest U.S. tech IPO since Uber in 2019, according to Reuters. Revenue reached $510 million in 2025, while gross margin slipped ↓ 3.3% to 39% as the firm poured cash into cloud‑inference data centers.

Wafer‑scale engine fuels the surge

The third‑generation Wafer‑Scale Engine (WSE‑3) packs 4 trillion transistors, 900,000 compute cores and 44 GB of on‑chip memory – a physical size comparable to a dinner plate. Its bandwidth advantage translates into inference latency up to 15× faster than leading GPUs, a claim validated by independent benchmarks.

“We are filling more data halls with Cerebras systems to power the world’s fastest inference,” said Julie Choi, SVP and CMO, in an exclusive interview.

A cloud‑inference service launched in 2024 now accounts for $151.6 million of revenue, driven by a $20 billion contract with OpenAI and a strategic partnership with Amazon Web Services that will embed Cerebras chips in AWS data centers.

Intel provided by Arthur Sterling (Macroeconomics Editor).