Cerebras lands Nasdaq 5/14 with 108% surge, $95B valuation, $5.5B raised

Cerebras Systems priced 30M shares at $185, opened at $350, and ripped 108% on day one to hit $95B market cap—largest U.S. tech IPO since 2019 Uber. Raised $5.5B, now aiming to take Nvidia's AI accelerator dominance from 90% to 68% on OpenAI contract and $510M 2025 revenue.