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.
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