AI Chipmaker Cerebras Climbs 68% After Year’s Biggest IPO

Cerebras Systems shares closed up 68% in their trading debut after raising $5.5 billion in the year’s largest IPO, ending Thursday at $311.07 in New York versus the $185 IPO price.

Why it matters: HKR-H/K/R all pass: Cerebras’ IPO gives AI infrastructure a public-market pricing signal, with a 68% debut gain and $5.5B raised. The chip-supply and NVIDIA-competition angle pushes it into p1.