Cerebras Stock Is Up 11% Since Its IPO. Is It a Buy?

Cerebras Stock Is Up 11% Since Its IPO. Is It a Buy? examines the AI-chip maker’s early market performance after its NASDAQ debut. Cerebras (CBRS) went public on May 14 at $185 per share, opened at $350, and later traded around $205, still about 11% above the IPO level. The article attributes the pullback to investor pressure after a sharp post-IPO run and outlines Cerebras’s approach: wafer-scale AI processors rather than small GPUs. It says the company sells wafer-scale processors and CS-3 systems, plus cloud access to its wafers for inference workloads. Cerebras secured a multi-year $20 billion deal with OpenAI to deploy 750 megawatts of systems and is integrating CS-3 into AWS. Revenue, excluding “pass-through” costs, rose 76% to $510 million in 2025, with 2026 guidance of $855–$865 million.