Overview
- Cerebras shares, which opened at $350 on Thursday after a $185 IPO price, slid to $279.72 by Friday’s close after a volatile first session.
- The offering raised about $6.38 billion in gross proceeds after underwriters sold the full extra allotment of shares.
- At those prices the company traded at roughly 130 to 134 times its last year of revenue, far above established chip makers like Nvidia.
- Reported 2025 revenue rose to $510 million and the $238 million net profit largely came from a one‑time accounting gain as operating losses grew.
- Big contracts with OpenAI and a binding AWS term sheet buoy growth hopes, yet about 86% of 2025 sales came from two UAE‑linked customers.