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Economic news

AI chip firm Cerebras files for US IPO

09/30/2024

Less than a minute

2024.09.30 18:40

(Reuters) -Artificial intelligence chip firm Cerebras Systems on Monday filed for an initial public offering in the United States.

© Reuters. FILE PHOTO: Startup Cerebras System's new AI supercomputer Andromeda is seen at a data center in Santa Clara, California, U.S. October 2022. Rebecca Lewington/Cerebras Systems/Handout via REUTERS/File Photo

The float will test market appetite for AI-linked stocks, after concerns of excessive euphoria around the sector prompted some investors to rotate out of technology stocks and into value shares earlier this year.

Cerebras will list on the Nasdaq Global Market under the symbol “CBRS”.

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09/30/2024

Less than a minute