Cerebras IPO: Stock price soars on Nasdaq market debut after-already upsized pricing

Update Thursday, 2 p.m. ET Shares of chipmaker Cerebras Systems nearly doubled in their Nasdaq debut on Thursday after already being priced well above their targeted range, a sign that investor demand for AI -related listings is stronger than even many market watchers had anticipated. Priced at $185 a share late Wednesday, the stock opened at $350 and at one point hit $385 early in its first trading session. By midday on Wednesday, the stock was trading at about $306 a share. Cerebras, which makes large semiconductors for commercial AI applications, initially targeted a range of $115 to $125 a share for the much-anticipated debut. The listing is one of many AI-related IPOs expected this year. Others include Claude maker Anthropic and ChatGPT maker OpenAI. Original story: Today is an important day in the 2026 IPO landscape: Cerebras Systems Inc. is making its much-anticipated market debut. While not a household name like Nvidia, Intel, or TSMC, Cerebras is a chipmaker that is rapidly be