Cerebras goes public, igniting the AI capital market, and the investment firm involving Trump's son emerges
American AI chip company Cerebras Systems officially landed on Nasdaq, becoming the largest IPO globally since 2026, raising approximately $5.55 billion, with a peak increase of 108% during trading, and a closing market value of $67 billion on its first day.
The company focuses on wafer-scale giant AI chip architecture and is seen as a significant competitor challenging Nvidia's GPU dominance, having received support for computing power orders from several AI companies, including OpenAI. Notably, the investor list includes 1789 Capital, which is involved with Donald Trump Jr. This institution has participated in two rounds of financing for Cerebras since 2025 and has continued to increase its investment in subsequent financing rounds.
Cerebras completed multiple rounds of financing before its IPO, with its valuation rising to $23 billion at one point, attracting participation from several institutions and industry capital, including Benchmark, Fidelity, and AMD, forming a diverse shareholder structure covering Silicon Valley and Wall Street. Analysts point out that this IPO not only marks an important milestone in the AI chip sector but also further amplifies the trend of capital concentration in the AI infrastructure field, while the involvement of politically connected investment institutions adds more market and public attention to the deal.
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