BIG TECH
Key Metrics
Market cap
~$48.5B (Aug 5, 2026)
As of Aug 5, 2026EstimatedValue Add Pulse research
IPO debut valuation
$56.4B
As of May 14, 2026CNBC / TechCrunch
Company Snapshot
Cerebras is a Semiconductors company, based in San Francisco, United States, founded 2016. Market cap ~$48.5B (Aug 5, 2026) (As of Aug 5, 2026, Value Add Pulse research). Total funding $8.4B+ (As of May 14, 2026).
Recent changes
- February 2026February 2026Valuation fell from ~$48.5B to $23B Motley Fool
- Sep 8, 2026Sep 8, 2026Cerebras Jumps 15% As Wedbush Flags OpenAI Deal Progress Pulse story
- Sep 7, 2026Sep 7, 2026Cerebras Is the Comp Every AI Listing Should Study Pulse story
- Sep 3, 2026Sep 3, 2026Cerebras, Four Months Public: The Scorecard So Far Pulse story
- Aug 20, 2026Aug 20, 2026Early Cerebras Backer Adit Singh Joins Mayfield Pulse story
Earlier changes (12)
- Aug 20, 2026Aug 20, 2026Valuation rose from ~$43.9B to ~$48.5BEstimated Value Add Pulse enrichment
- Aug 19, 2026Aug 19, 2026Cerebras Faces Its Own Lockup Cliff Before September Pulse story
- Aug 12, 2026Aug 12, 2026Cerebras Plunges 14% Despite Raised Guidance in 2nd Earnings Pulse story
- Aug 5, 2026Aug 5, 2026First reported market cap: ~$48.5B (Aug 5, 2026)Estimated Value Add Pulse enrichment
- Aug 4, 2026Aug 4, 2026Cerebras, Three Months Public: The Scorecard Pulse story
- Jun 26, 2026Jun 26, 2026Cerebras Runs OpenAI GPT-5.6 Sol at 750 Tokens per Second, Setting a New Frontier-Model Speed Record Pulse story
- Jun 24, 2026Jun 24, 2026Cerebras Plunges ~20% in Its First Earnings as a Public Company on a Margin Scare Pulse story
- May 14, 2026May 14, 2026IPO $5.55B at $56.4B CNBC / TechCrunch
- May 14, 2026May 14, 2026First reported revenue: $880-890M Motley Fool
- May 14, 2026May 14, 2026First reported valuation: ~$43.9B Motley Fool
- May 14, 2026May 14, 2026Cerebras (CBRS) Continues Hot Streak -- Up 68% Since May IPO Pulse story
- Feb 2026Feb 2026First reported total funding: $2.92B Cerebras
Funding History
1 event · sources dated per row| Date | Event | Amount | Valuation | Investors | Source |
|---|---|---|---|---|---|
| May 14, 2026 | IPO | $5.55B | $56.4B | CitigroupGoldman SachsAlpha Wave GlobalG42Foundation CapitalTiger Global ManagementFidelity InvestmentsBenchmarkAltimeter CapitalAMD VenturesCoatue Management outlined = lead | CNBC / TechCrunch |
Underlying values
| As of | Value | Method | Source |
|---|---|---|---|
| February 2026 | $23B | Reported | Motley Fool |
| Aug 20, 2026 | ~$48.5B | Estimated | Value Add Pulse research |
| Aug 5, 2026 | ~$48.5B | Estimated | Value Add VC entity registry |
| Aug 5, 2026 | ~$48.5B (Aug 5, 2026) | Estimated | Value Add Pulse research |
| May 14, 2026 | ~$43.9B | Reported | Motley Fool |
Investors
Latest Pulse
- Sep 8, 2026Cerebras Jumps 15% As Wedbush Flags OpenAI Deal ProgressCerebras Systems shares jumped 15.1% after Wedbush said new evidence of its chips powering an ultrafast OpenAI model tier shows real progression in the two companies' existing $20 billion compute agreement.→
- Sep 7, 20262026's IPO Class: 238 Listings, Two That MatteredUS listings are running at their highest count since 2021, but SpaceX and Cerebras alone likely raised more than the other 236 deals combined -- a count recovery without a depth recovery.→
- Sep 7, 2026Cerebras Is the Comp Every AI Listing Should StudyCerebras opened at $350 against a $185 price in May and is back at that offer price in September, which makes it the only completed public-market experiment in how AI compute businesses get valued after the narrative premium wears off.→
- Sep 4, 20262026's IPO Pops Are Fading Into Real Trading RangesCerebras opened at $350 against a $185 IPO price and has since traded back near its offer price, while SpaceX climbed roughly 19% in a month on an Oppenheimer price-target raise -- proof first-day pops and durable value differ.→
- Sep 3, 2026Cerebras, Four Months Public: The Scorecard So FarFour months after the biggest chip IPO of 2026, Cerebras has swung from a 68% post-listing pop to earnings-driven volatility -- a reminder that day-one enthusiasm and quarterly execution are different tests entirely.→
- Aug 20, 2026Early Cerebras Backer Adit Singh Joins MayfieldAdit Singh, the Foundation Capital partner who co-led Cerebras's first funding round a decade ago, has joined Mayfield as an infrastructure partner focused on semiconductors, hardware, cybersecurity and physical AI.→
- Aug 19, 2026Cerebras Faces Its Own Lockup Cliff Before SeptemberUp to 84 million Cerebras Class B shares become eligible to convert and sell by the end of August, almost three times the company's current public float, with another 87 million unlocking in September and October.→
- Aug 15, 2026The 2026 IPO Class Scorecard: Who's Actually WinningA hot IPO window doesn't guarantee a hot stock afterward -- Cerebras is down sharply on its second earnings report even after raising guidance, while Reddit and SanDisk show post-listing performance hinges on execution, not debut pricing.→
- Aug 12, 2026Cerebras Plunges 14% Despite Raised Guidance in 2nd EarningsCerebras stock fell about 14% after its second earnings report as a public company even as it raised full-year guidance, with GAAP revenue missing estimates while core revenue grew 103% year over year.→
- Aug 4, 2026Robotics' IPO Pipeline: Who's Actually ReadyFigure AI at a private $39B valuation and China's Unitree pursuing a Shanghai STAR Market listing represent two very different paths to a robotics IPO -- and neither looks genuinely ready by the disclosure standards Cerebras and SpaceX have just set.→
Coverage Timeline
newest first- Sep 8, 2026BIG TECHCerebras Jumps 15% As Wedbush Flags OpenAI Deal Progress$20B compute deal→
- Sep 7, 2026IPO2026's IPO Class: 238 Listings, Two That Mattered→
- Sep 7, 2026IPOCerebras Is the Comp Every AI Listing Should Study→
- Sep 4, 2026IPO2026's IPO Pops Are Fading Into Real Trading Ranges→
- Sep 3, 2026IPOCerebras, Four Months Public: The Scorecard So Far→
- Aug 20, 2026FUNDINGEarly Cerebras Backer Adit Singh Joins Mayfield→
- Aug 19, 2026IPOCerebras Faces Its Own Lockup Cliff Before September→
- Aug 15, 2026IPOThe 2026 IPO Class Scorecard: Who's Actually Winning→
- Aug 12, 2026AICerebras Plunges 14% Despite Raised Guidance in 2nd Earnings-14% after 2nd earnings→
- Aug 4, 2026IPORobotics' IPO Pipeline: Who's Actually Ready→
- Aug 4, 2026IPOCerebras, Three Months Public: The Scorecard→
- Jul 9, 2026IPOThis Week's Quiet IPO Calendar Is the Real Story→
- Jun 29, 2026IPOQ2 2026 Delivers the Most Billion-Dollar Startup Exits Since the 2021 PeakMost $1B+ exits since 2021→
- Jun 26, 2026AICerebras Runs OpenAI GPT-5.6 Sol at 750 Tokens per Second, Setting a New Frontier-Model Speed Record750 tok/sec→
- Jun 24, 2026BIG TECHCerebras Plunges ~20% in Its First Earnings as a Public Company on a Margin Scare~-20% stock drop→
- May 14, 2026IPOCerebras (CBRS) Continues Hot Streak -- Up 68% Since May IPO$3.5B raise→
All Coverage
BIG TECH$20B compute deal
Cerebras Jumps 15% As Wedbush Flags OpenAI Deal Progress
Cerebras Systems shares jumped 15.1% after Wedbush said new evidence of its chips powering an ultrafast OpenAI model tier shows real progression in the two companies' existing $20 billion compute agreement.
DEEP DIVE
IPO
2026's IPO Class: 238 Listings, Two That Mattered
IPO
2026's IPO Class: 238 Listings, Two That Mattered
US listings are running at their highest count since 2021, but SpaceX and Cerebras alone likely raised more than the other 236 deals combined -- a count recovery without a depth recovery.
BY THE NUMBERS
IPO
Cerebras Is the Comp Every AI Listing Should Study
IPO
Cerebras Is the Comp Every AI Listing Should Study
Cerebras opened at $350 against a $185 price in May and is back at that offer price in September, which makes it the only completed public-market experiment in how AI compute businesses get valued after the narrative premium wears off.
DEEP DIVE
IPO
2026's IPO Pops Are Fading Into Real Trading Ranges
IPO
2026's IPO Pops Are Fading Into Real Trading Ranges
Cerebras opened at $350 against a $185 IPO price and has since traded back near its offer price, while SpaceX climbed roughly 19% in a month on an Oppenheimer price-target raise -- proof first-day pops and durable value differ.
DEEP DIVE
IPO
Cerebras, Four Months Public: The Scorecard So Far
IPO
Cerebras, Four Months Public: The Scorecard So Far
Four months after the biggest chip IPO of 2026, Cerebras has swung from a 68% post-listing pop to earnings-driven volatility -- a reminder that day-one enthusiasm and quarterly execution are different tests entirely.
FOLLOW-UP
FUNDING
Early Cerebras Backer Adit Singh Joins Mayfield
FUNDING
Early Cerebras Backer Adit Singh Joins Mayfield
Adit Singh, the Foundation Capital partner who co-led Cerebras's first funding round a decade ago, has joined Mayfield as an infrastructure partner focused on semiconductors, hardware, cybersecurity and physical AI.
DEEP DIVE
IPO
Cerebras Faces Its Own Lockup Cliff Before September
IPO
Cerebras Faces Its Own Lockup Cliff Before September
Up to 84 million Cerebras Class B shares become eligible to convert and sell by the end of August, almost three times the company's current public float, with another 87 million unlocking in September and October.
FOLLOW-UP
IPO
The 2026 IPO Class Scorecard: Who's Actually Winning
IPO
The 2026 IPO Class Scorecard: Who's Actually Winning
A hot IPO window doesn't guarantee a hot stock afterward -- Cerebras is down sharply on its second earnings report even after raising guidance, while Reddit and SanDisk show post-listing performance hinges on execution, not debut pricing.
DEEP DIVE
AI
Cerebras Plunges 14% Despite Raised Guidance in 2nd Earnings
AI-14% after 2nd earnings
Cerebras Plunges 14% Despite Raised Guidance in 2nd Earnings
Cerebras stock fell about 14% after its second earnings report as a public company even as it raised full-year guidance, with GAAP revenue missing estimates while core revenue grew 103% year over year.
FOLLOW-UP
IPO
Robotics' IPO Pipeline: Who's Actually Ready
IPO
Robotics' IPO Pipeline: Who's Actually Ready
Figure AI at a private $39B valuation and China's Unitree pursuing a Shanghai STAR Market listing represent two very different paths to a robotics IPO -- and neither looks genuinely ready by the disclosure standards Cerebras and SpaceX have just set.
IPO
Cerebras, Three Months Public: The Scorecard
IPO
Cerebras, Three Months Public: The Scorecard
Cerebras went public in May at a $56.43B implied valuation, becoming the market's clearest test case for whether a pure-play AI chip challenger to Nvidia can hold a premium multiple once quarterly numbers replace private-market narrative.
IPO
This Week's Quiet IPO Calendar Is the Real Story
IPO
This Week's Quiet IPO Calendar Is the Real Story
Beyond SK Hynix's $28-29 billion Nasdaq debut, this week's US IPO calendar is nearly empty -- a sharp contrast to June's run of SpaceX, Cerebras and Lime, and a sign the pipeline is thinner than headline enthusiasm suggests.
IPO
Q2 2026 Delivers the Most Billion-Dollar Startup Exits Since the 2021 Peak
IPOMost $1B+ exits since 2021
Q2 2026 Delivers the Most Billion-Dollar Startup Exits Since the 2021 Peak
Startup exits worth $1 billion or more were more numerous in Q2 2026 than at any point since the 2021 market peak, according to Crunchbase data -- powered by SpaceX's record IPO (a $2.1 trillion first-day market cap on $75 billion raised), Cerebras's and Quantinuum's debuts, and SpaceX's $60 billion acquisition of Cursor. The quarter signals the long-frozen exit window has decisively reopened for late-stage tech.
AI
Cerebras Runs OpenAI GPT-5.6 Sol at 750 Tokens per Second, Setting a New Frontier-Model Speed Record
AI750 tok/sec
Cerebras Runs OpenAI GPT-5.6 Sol at 750 Tokens per Second, Setting a New Frontier-Model Speed Record
Cerebras Systems will deploy OpenAI's GPT-5.6 Sol on its wafer-scale WSE-3 chips at up to 750 tokens per second in July — roughly 10x faster than any Nvidia GPU deployment of a frontier model in production. The partnership is a strategic proof point for Cerebras ahead of its planned 2026 IPO.
BIG TECH
Cerebras Plunges ~20% in Its First Earnings as a Public Company on a Margin Scare
BIG TECH~-20% stock drop
Cerebras Plunges ~20% in Its First Earnings as a Public Company on a Margin Scare
Cerebras shares fell roughly 20% -- back near their IPO price -- after the AI-chip maker's first earnings report as a public company spooked investors with a soft gross-margin outlook, even as it beat on revenue. CEO Andrew Feldman said the market 'misunderstood' the guidance, which reflects a temporary plan to lease back systems while it builds its own data centers.
IPO
Cerebras (CBRS) Continues Hot Streak -- Up 68% Since May IPO
IPO$3.5B raise
Cerebras (CBRS) Continues Hot Streak -- Up 68% Since May IPO
Cerebras is the market's clearest bet on AI hardware scarcity -- up 68% since its May debut at $312. The AI chipmaker trades at a premium pricing in years of Nvidia-alternative demand.
Value Add Research
- Company Deep Dive · Sep 16, 2026Cerebras (CBRS): Inside the AI Chip Maker Taking On Nvidia
- AI & Technology · Aug 19, 2026$880M Revenue, 76% Growth — Cerebras (2026)
- AI & Technology · Aug 5, 2026750 Tokens/Sec — GPT-5.6 on Cerebras & $20B Deal
- Market & Trends · Jul 21, 2026CBRS: $386 to $161 to $217 — Cerebras Stock Post-IPO
- VC & Investing · Jul 15, 2026Cerebras (CBRS): Q2 Revenue Up 103%, Stock at $174, $43.8B Cap
- Market & Trends · Jun 21, 2026Tech IPO Market Caps: Coinbase $85B, Rivian $66B (2020–2026)
- Market & Trends · Jun 17, 2026SPACs vs IPOs vs Direct Listings: 2026 Exit Paths
Related Companies
Shared investors
Sources & methodologyshow
Where these figures come from
- CNBC / TechCrunchmajor outlet2 facts
- Motley FoolValue Add VC data2 facts
- Value Add Pulse researchValue Add VC data1 fact
Figures are labelled Reported (a source states it), Estimated, Derived (computed from other facts) or Rumored (in talks / unconfirmed). Rumors never replace a confirmed figure. Each figure keeps its own as-of date; history is preserved rather than overwritten.