Cerebras IPO fuels AI stock frenzy as crypto loses investor attention

CoinDesk Staff

(10:58 AM UTC)

1 min read

Updated bySarah Chen

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Cerebras, OpenAI, SpaceX: The IPO pipeline that could drain crypto

Cerebras Systems’ $5.5 billion IPO and soaring semiconductor stocks underscore how investor attention has shifted from bitcoin to artificial intelligence in 2026.

Cerebras Systems priced its IPO at $185 per share on Wednesday evening, targeting a $5.5 billion raise and valuing the AI chipmaker at $40 billion, according to the…

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CoinDesk Staff · CoinDesk

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