Nvidia Competitor Cerebras Considers Raising IPO Price Range to $150-$160 Per Share

**Cerebras Systems to Boost IPO Size, Price Amid Sizzling AI Chip Demand** Cerebras Systems is poised to raise the size and price of its initial public offering (IPO) as early as Monday, Bloomberg reported Wednesday, citing people familiar with the matter—amid surging investor interest in its specialized artificial intelligence (AI) chips. The AI chipmaker now plans a new IPO price range of $150 to $160 per share, up from its prior $115–$125 range, and will increase share count to 30 million (from 28 million). At the upper end of the new range, Cerebras would raise roughly $4.8 billion—well above its original $3.5 billion target. Sources added that IPO orders have exceeded available shares by 20x, as the company looks to tap sky-high demand ahead of its May 13 pricing date. Unlike industry-standard GPU chips (dominated by Nvidia for AI model training), Cerebras’ chips are optimized for AI inference. This marks the firm’s second IPO attempt: it first filed in 2024 but withdrew the plan last year. The update was first flagged by monitoring from Dongcha Beating (via Telegram: @OneMillion_AI).