AI chipmaker Cerebras boosts IPO price to raise $5.5bn

Cerebras has raised its IPO price to pull in $5.5 billion, valuing the AI chipmaker at $40 billion in a clear sign that investor appetite for AI infrastructure stocks remains red-hot. The listing caps a period of record investment in AI hardware as big tech firms race to build out compute capacity. The raise is one of the largest tech IPOs of 2026.