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Nvidia rival Cerebras Systems files for IPO
Cerebras Files For The Very First Generative AI IPO
If Cerebras can grow beyond its initial benefactor, G42, this IPO will be a rocket ship. If not, … It may be hard to believe, but there hasn’t been a single IPO for an AI hardware company. Period. Not One.
Cerebras Systems Files for IPO, Aims to Challenge Nvidia in AI Chip Market
Cerebras Systems, an AI chip startup, has filed for a U.S. IPO as it aims to compete with Nvidia in the lucrative AI hardware market. The company's revenue tripled to $78.7 million in 2023, with a significant portion coming from AI group G42.
Is This Company an "Nvidia Killer?" What to Know About Cerebras' IPO
A second risk, and likely the biggest, is Cerebras' customer concentration. Right now, AI company G42 from the United Arab Emirates accounts for 87% of Cerebras' sales in the first six months of 2024. G42 and affiliated entities are also behind next year's $1.43 billion order, meaning that concentration will only grow.
Nvidia’s Competitor Cerebras Systems Delays Its Planned IPO
Cerebras competes with industry leader Nvidia in the lucrative artificial intelligence chip market. The Sunnyvale, California-based company—which will trade under the ticker symbol “CBRS”—seeks to capitalize on investor excitement for AI by conducting a hot IPO (Initial Public Offering).
Nvidia Stock Price May Not Be Dented By Cerebras IPO
To take market share from Nvidia, Cerebras would need to add application software that is more advanced and useful than Nvidia’s CUDA.
What You Need To Know About AI Chipmaker Cerebras' IPO Filing
Cerebras Systems, an AI chipmaker that lists among its competitors tech giants Nvidia, Microsoft, and Intel, filed for an IPO Monday, looking to capitalize on widespread enthusiasm about the AI industry.
Cerebras reveals revenue surge in US IPO filing, aims to challenge Nvidia in AI chip market
Cerebras Systems, a startup competing with industry leader Nvidia for a slice of the lucrative AI chip market, said late on Monday its revenue surged more than threefold in 2023, in a filing to go public in the U.
ETFs in Focus as Cerebras Systems Plans IPO Amid AI Chip Boom
If Cerebras Systems goes public, Cerebras Systems stock may find a place in semiconductor ETFs like VanEck Semiconductor ETF SMH, iShares Semiconductor ETF SOXX, First Trust Nasdaq Semiconductor ETF FTXL and SPDR S&P Semiconductor ETF XSD. Renaissance IPO ETF IPO may also include the Cerebras stock in its portfolio.
Cerebras, an AI Chipmaker Trying to Take On Nvidia, Files for an IPO
But that is set to change in the coming weeks with the market debut of Cerebras, a chip company with bold ambitions to take on Nvidia. Cerebras, based in Sunnyvale, California, unveiled its investor prospectus Monday,
Nvidia rival Cerebras Systems files for IPO as demand for chips soars and investors hunger for AI stocks
The California startup is aiming to list its shares on the Nasdaq at a time when the IPO market is still sluggish. With demand for AI chips soaring, California-based AI chipmaker Cerebras Systems has filed paperwork with the Securities and Exchange Commission (SEC) in preparation for an initial public offering.
tom's Hardware on MSN
7h
Cerebras may postpone IPO as US government investigates potential AI tech transfer to China
Reuters reports that Cerebras is expected to delay its planned IPO due to complications with a U.S. government review of a ...
In Depth
1d
In Depth
Exclusive: Cerebras likely to postpone IPO due to CFIUS review delay on G42 deal, sources say
Cerebras Systems is likely to postpone its IPO, after facing delays with a U.S. national security review on UAE-based tech conglomerate G42's minority investment in the AI chipmaker, people familiar ...
1d
on MSN
Nvidia competitor Cerebras may postpone IPO amid national security review - Reuters
Artificial intelligence startup Cerebras Systems is likely to postpone its initial public offering as it faces delays with a ...
The Information
4d
Cerebras CEO’s Past Felony Conviction Hangs Over IPO Listing
Cerebras Systems, a $4 billion-valuation semiconductor designer taking on Nvidia, stands out as one of the few tech startups ...
22h
on MSN
Cerebras likely to postpone IPO due to CFIUS review delay on G42 deal
The Committee on Foreign Investment in the United States (CFIUS), which reviews foreign investments over possible national ...
4d
U.S. IPO Weekly Recap: Standard Aero Soars In 7-IPO Week, While Big Tech Names Join Pipeline
Seven IPOs debuted in the US this past week, raising a combined $1.8 billion. Six companies submitted initial filings this ...
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