Fundraising Doubles! AI chip new darling Cerebras (CBRS.US) increases IPO scale to $4 billion, fastest roadshow starting next week.

According to informed sources, artificial intelligence (AI) chip manufacturer and data center operator Cerebras Systems Inc. (CBRS.US) plans to raise up to $4 billion in its IPO, and the market demand for its stock is on the rise. The sources said that the California-based company is targeting a valuation of around $40 billion. They added that Cerebras is expected to officially launch its IPO roadshow as early as next Monday. The sources said that with the semiconductor sector booming and the Philadelphia Semiconductor Index up 50% in the past year, the investment banks handling this IPO project have received potential commitments of over $10 billion. The details of the fundraising target, valuation, and timing of the IPO are still subject to adjustment, according to the sources. A Cerebras spokesperson declined to comment on this. The fundraising goal this time is significantly higher than the company's previous plans. In March of this year, there were reports that Cerebras originally planned to raise about $2 billion in its IPO. The company had previously withdrawn its IPO application, secretly submitted its IPO filing months later, and completed its public declaration last month. Currently, various investment institutions and tech giants are increasing their investments by billions of dollars to accelerate investment in AI infrastructure. More and more companies are trying to challenge industry leader NVIDIA Corporation (NVDA.US) with supercomputing chips. Cerebras is one of them, and its chip can process Beijing Vastdata Technology at once. Cerebras CEO Andrew Feldman has publicly stated that Cerebras' hardware products run AI models much faster than NVIDIA Corporation, and the company also operates its own data center business. In February of this year, Cerebras completed a round of financing of about $1 billion, with a post-investment valuation of $23 billion. The financing round was led by Tiger Global Fund, with investors including Benchmark, Fidelity Management & Research Co., and AMD (AMD.US). Compared to the post-investment valuation of $8.1 billion in September of last year, the company's valuation has greatly increased. According to the latest documents submitted by Cerebras to the U.S. Securities and Exchange Commission, the company has been highly dependent on business cooperation with Abu Dhabi AI company G42: in 2025, G42 contributed 24% of its revenue, compared to 85% the previous year. The cooperation between the two parties has sparked a review by the Committee on Foreign Investment in the United States (CFIUS), but the company announced in March of last year that all relevant pending issues with the committee had been properly resolved. The latest filing shows that G42 is not listed as a shareholder with a stake of 5% or more. The IPO is led by Morgan Stanley, Citigroup, Barclays PLC Sponsored ADR, and UBS Group AG. Cerebras plans to list its stock on the NASDAQ Global Select Market with the code CBRS.