Cerebras raises $5.5B, then stock pops $108%, in the first huge tech IPO of 2026

# Cerebras Makes Massive Bet on AI Hardware, Stock Soars Cerebras, a company that builds specialized computer chips for artificial intelligence, raised $5.5 billion and went public this week, with its stock price jumping 108% on the first day of trading. This marks a major turnaround for the company—which faced uncertain prospects just a year ago—and signals renewed investor confidence in AI hardware startups after a period of skepticism.