u/According_Pickle954 ·
Reddit — r/stocks
· May 08, 2026 at 12:55
· ⬆ 21 pts
· 💬 29 comments
| View on Reddit ↗
No analysis available.
Score21
Comments29
Upvote %79%
▶ Full Post Text
Cerebras Systems (CBRS) is set to go public on the Nasdaq around **May 14, 2026**, aiming to raise up to $3.5 billion at a valuation of approximately $26–$40 billion. The AI chipmaker is offering 28 million shares priced between $115–$125, driven by massive demand for its wafer-scale engines.
AI chipmaker Cerebras has signed a deal with OpenAI to deliver 750 megawatts of computing power through 2028, according to a blog post Wednesday by the maker of ChatGPT. The arrangement is worth over $10 billion, according to people close to the company.
[https://www.cnbc.com/amp/2026/01/14/cerebras-scores-openai-deal-worth-over-10-billion.html](https://www.cnbc.com/amp/2026/01/14/cerebras-scores-openai-deal-worth-over-10-billion.html)
In january The Information reported that OpenAI has agreed to spend more than US$20 billion over three years on servers powered by Cerebras chips, exceeding an earlier deal. The move comes as it seeks more computing power for AI inference. Cerebras is an AI chip startup based in Sunnyvale, California. The arrangement could give OpenAI warrants for a minority stake that may rise to 10% if spending reaches US$30 billion. OpenAI has also agreed to provide about US$1 billion to help fund data centers, the report said. They sold 10% stake for 30b of business and 1b upfront by what I can see