The AI Chipmaker Bubble: Cerebras' Meteoric Rise Raises More Questions Than Answers Cerebras Systems' initial public offering (IPO) has sent shockwaves through the financial markets, with investors clamoring to get in on the ground floor of this nascent industry.
However, beneath the surface lies a tale of hype and caution.
The company's valuation now reportedly exceeds $95 billion, a staggering figure considering Cerebras emerged from stealth mode only two years ago and has yet to turn a profit on a sustainable basis.