Nvidia rival Cerebras Systems files for IPO as demand for chips soars and investors hunger for AI stocks
Briefly

Cerebras Systems prepares for IPO, indicating strong demand for AI chips, despite current financial losses. The filing signals potential for recovery in public market listings.
Cerebras reported a net loss of nearly $67 million in the first half of 2024, despite generating $136 million in sales, indicating a trend towards improved financial health.
The company applied for a Nasdaq listing under CBRS, aiming for a share issuance this month, which could help revitalize the sluggish IPO market.
Bloomberg highlights that AI-focused companies are increasingly entering the IPO market, with nearly 50 AI-related listings planned for the current fiscal year.
Read at Fast Company
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