Cerebras Systems Climbs 68% in Nasdaq Debut, Raises $5.55B and Nears $100B Valuation
Cerebras Systems soared 68% to $311.07 on its May 14 Nasdaq debut, raising $5.55 billion in one of the largest U.S. tech IPOs. The company posted 2025 revenue of $510 million (up 76%) and net income of $237.8 million, and its valuation nears $100 billion.
1. IPO Debut and Market Reception
Cerebras Systems shares opened at $185 per share on May 14 and closed at $311.07, representing a 68% increase that propelled the IPO to a $5.55 billion raise—one of the largest U.S. technology listings in recent years.
2. Financial Performance
The company reported revenue of $510 million for 2025, a 76% increase year-on-year, and achieved net income of $237.8 million after recording a loss of nearly $500 million in the prior year, marking its return to profitability.
3. Strategic Partnerships and Valuation
Investor confidence is underpinned by multi-year agreements, including an OpenAI contract reportedly worth over $20 billion and a partnership with Amazon Web Services, driving a market valuation approaching $100 billion compared with $23.1 billion in February private funding.