Cerebras stock nearly doubles on day one as AI chipmaker hits $100 billion — what it means for AI infrastructure

Cerebras Systems , the Silicon Valley chipmaker that built the world’s largest commercial AI processor, erupted onto the Nasdaq on Wednesday, opening at $350 per share — nearly double its $185 IPO price — and rocketing past a $100 billion market capitalization in its first hours of trading. The debut instantly crowned Cerebras as one of the most valuable semiconductor companies on Earth and validated a decade-long bet that the AI industry would eventually demand a fundamentally different kind of chip. The company sold 30 million shares at $185 apiece, raising $5.55 billion in what Bloomberg…