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As a potential competitor to Nvidia, Cerebras generated tremendous hype before its IPO.

The stock market hit highs as Nvidia led and AI chip IPO Cerebras soared in its debut, while Broadcom and Taiwan Semiconductor flashed buy signals. The Trump-Xi summit continues.

The AI chipmaker opened at $350 per share on Thursday, well above its IPO price of $185.

The AI chipmaker opened at $350 per share, well above its IPO price of $185.

Cerebras reportedly rejected a preliminary acquisition approach weeks before its expected IPO pricing.

Cerebras’s IPO comes at a dramatic time, with chip stocks surging and many at or near all-time highs.

Cerebras' IPO is expected to happen on Thursday, May 14.

The tech sector helped US stocks cruise to all-time highs last week, as the artificial intelligence boom broadened.

It could offer incredible opportunities down the line.

Iren announces $625 million deal to acquire AI cloud, support services provider Mirantis. IREN stock is up 31% in 2026.

The Ark Venture Fund offers heavy exposure to SpaceX and OpenAI, but investors should understand the risks.