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Reuters
Mon, May 4, 2026 astatine 3:14 AM CDT 1 min read
May 4 (Reuters) - AI chipmaker Cerebras Systems, a rival to Nvidia , is scheduled to kick disconnected its IPO roadshow connected Monday, with shares expected to beryllium priced betwixt $115 and $125, a root familiar with the substance told Reuters.
This marks Cerebras' 2nd effort to spell nationalist aft withdrawing a erstwhile IPO filing past October.
Cerebras did not instantly respond to Reuters petition for a comment.
The institution present aims to database connected the Nasdaq nether the ticker awesome "CBRS". According to a Bloomberg News study past week, Cerebras could rise up to $4 billion, targeting a valuation of astir $40 billion.
The Sunnyvale, California-based institution is known for its wafer-scale motor chips, designed to velocity up the grooming and inference of ample AI models, placing it successful nonstop contention with Nvidia and different AI hardware firms.
The company's gross rose to $510 cardinal successful the year ended December 31, up from $290.3 cardinal a year earlier. It besides reported a profit of $1.38 per share, a turnaround from a nonaccomplishment of $9.90 per stock a twelvemonth earlier.
Morgan Stanley, Citigroup, Barclays and UBS are the lead underwriters for the offering.
(Reporting by Echo Wang successful New York and Rhea Rose Abraham successful Bengaluru; Editing by Sherry Jacob-Phillips)
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