Cerebras Systems aims for 3.5 billion dollar US IPO
The California-based firm reported a profit of 1.38 dollars per share as revenue hit 510 million dollars. This marks its second attempt at a US listing.
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Cerebras Systems aims to raise $3.5B in a United States IPO to fund its challenge to NVIDIA CORP. This is the chipmaker's second attempt at a public listing after withdrawing a previous filing in October. Investors view the deal as a test of market appetite for specialized AI hardware beyond the dominant industry leader.
