Cerebras Aims $40B Valuation with $115–$125 IPO as Nvidia Faces Export Scrutiny
NVDA•Cerebras Systems plans a US IPO at $115-$125 per share to raise up to $4B and target a $40B valuation after posting $510M revenue in 2025. Nvidia’s H200 export approvals face scrutiny as Asia chip stocks like TSMC and SK Hynix rally over 6% on AI demand.
1. Cerebras Plans US IPO
Cerebras Systems has kicked off its IPO roadshow, proposing a $115–$125 per share price range to raise up to $4 billion and target a roughly $40 billion valuation. This follows its withdrawal of an October filing, with the Sunnyvale-based wafer-scale engine chipmaker reporting $510 million in revenue and $1.38 earnings per share in 2025 versus a prior loss.
2. Nvidia Export Scrutiny Intensifies
Political scrutiny has zeroed in on Nvidia’s H200 AI chips, with lawmakers questioning conflicting export approvals and debating proposals to limit sales to China. Futurum Group CEO Daniel Newman advocates selling older GPU models to China to preserve America’s AI leadership while reducing incentives for domestic chip development.
3. AI-Driven Asia Chip Rally
Asia’s semiconductor benchmarks jumped to record highs, with the MSCI Asia Pacific Index up 2.3% and key names surging: SK Hynix nearly 13%, TSMC 6.6% and Samsung Electronics over 5%. The rally reflects renewed investor interest in AI hardware following a regional ceasefire and robust US mega-cap earnings.
4. MediaTek Taps Packaging Veteran
MediaTek appointed former TSMC executive Douglas Yu as a part-time adviser to accelerate advanced packaging and AI chip development. Yu’s expertise in CoWoS technology supports MediaTek’s plan to generate multiple billions in AI accelerator ASIC revenue by 2027.
