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AI chip firm Cerebras files for US IPO
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AI chip firm Cerebras files for US IPO
Sep 30, 2024 3:21 PM

Sept 30 (Reuters) - Artificial intelligence chip firm

Cerebras Systems on Monday filed for an initial public offering

in the United States.

The float will test market appetite for AI-linked stocks,

after concerns of excessive euphoria around the sector prompted

some investors to rotate out of technology stocks and into value

shares earlier this year.

Cerebras will list on the Nasdaq Global Market under the

symbol "CBRS".

(Reporting by Pritam Biswas in Bengaluru; Editing by Devika

Syamnath)

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