
Fire on the Nasdaq: Inside Cerebras' $95 Billion Debut — and the Geopolitical Chip War It Just Ignited
On a Thursday morning in mid‑May, a chip company most Americans had never heard of became worth more than Ford, more than GM, more than any automaker or airline that anchors the Main Street imagination. Cerebras Systems went public on the Nasdaq at $185 per share. By the closing bell, it had surged 68 percent to $311.07, giving it a market capitalization just shy of $95 billion on a fully diluted basis. The $5.55 billion raised made it the largest U.S. technology IPO since Snowflake in 2020. The offering was 20 times oversubscribed.






