How to Invest in Cerebras Systems Stock in 2025

As the demand for AI compute skyrockets, Cerebras Systems is positioning itself as a serious alternative to NVIDIA.

Best known for building the world's largest computer chip, Cerebras designs hardware specifically optimized for training and running massive AI workloads. It's already deployed AI supercomputers for governments, biotech firms, and national labs — and its shift to cloud services is bringing in even more demand.

The company had originally planned to go public in 2025 under the ticker symbol “CBRS.” But instead, it raised $1.1 billion in September 2025 at an $8.1 billion valuation, likely delaying its IPO until at least mid-2026.

Still, Cerebras looks destined to hit the public markets eventually. And if you're looking to invest before that happens, this article will show you how to buy Cerebras Systems stock before its IPO.

What does Cerebras Systems do?

In July 2023, Cerebras Systems completed its first $100 million supercomputer — one of nine being built to offer an alternative to NVIDIA (NVDA)'s GPU-based infrastructure.

These supercomputers are powered by Cerebras' custom Wafer Scale Engine (WSE) — the largest chip ever built. While traditional chips are about the size of a postage stamp, the WSE-3 is the size of a dinner plate and contains 900,000 AI-optimized cores. It's purpose-built to train and run large-scale artificial intelligence models faster and more efficiently than traditional GPUs.

While Cerebras' systems lack the same broad range of applications and flexibility as NVIDIA's offerings, it's a real threat in certain use cases, such as training foundation models, LLMs, and other compute-heavy workloads that strain distributed GPU clusters.

In late 2024, Cerebras pivoted from selling chips and systems to delivering cloud-based AI compute. Through its own data centers, customers can now access Cerebras hardware directly via the cloud — without needing to buy or maintain any physical infrastructure.

Today, Cerebras is used by enterprises, governments, and individual developers for code generation, reasoning, and agentic work. Customers include Hugging Face, Meta Platforms (META), Perplexity AI, Mistral AI, and Amazon (AMZN).

Cerebras posted revenue of $78.7 million in 2023, more than triple the $24.6 million it generated in 2022. That pace accelerated in early 2024, with $136.4 million coming in the first half of the year alone.

And, if you qualify, there's a way to invest in it.

How accredited investors can buy Cerebras Systems stock

Hiive is a secondary marketplace platform that allows accredited investors to buy shares of private, VC-backed companies.

Accreditation requirements

To qualify as an accredited investor, you must meet one of the following criteria:

• Have an annual income of $200,000 individually or $300,000 jointly.
• Have a net worth that exceeds $1,000,000, excluding your main residence.
• Be a qualifying financial professional.

Out of over 3,000 private companies listed on Hiive, Cerebras Systems is one of the most active:

There are 48 orders of Cerebras stock as of the time of writing. Shares are trading for $44.02.

Every listing is created by a different seller who sets their own asking price and number of shares available. Sellers often include current or former employees, venture capitalists, and angel investors.

Buyers can add stocks to their watchlist, place bids, or accept a seller's asking price as listed.

After registering, buyers are able to see the complete order book for every listing on Hiive. This includes the prevailing bid, all asking prices, shares available, and recent transaction data.

See the order book for Cerebras after registering with the button below:

Register for Hiive

Can retail investors buy Cerebras Systems stock?

Unfortunately, there is no way for retail investors to invest directly in Cerebras Systems, though there are two publicly-traded companies that may benefit from Cerebras' success.

Given its background in designing smartphone chips, Qualcomm (QCOM) is well-positioned to be a key player bringing generative AI comes to smartphones, PCs, and automobiles.

However, the company needed a partner with the infrastructure to train large-scale models at speed. So it teamed up with Cerebras.

Cerebras specializes in building AI supercomputers designed specifically for training massive generative models. Qualcomm, on the other hand, is an expert in deploying those models efficiently on edge devices like smartphones and cars. Together, the two companies believe they can optimize the entire pipeline — from model training to low-power inference — better than either could alone.

Additionally, Cerebras uses Taiwan Semiconductor (TSM) 5nm chips for all of its Wafer Scale Engine 3 (WSE-3) processors. If there is increasing demand for Cerebras' products, its suppliers (including TSMC) will also profit.

That said, Qualcomm and TSMC are very large companies ($192 billion and $1.2 trillion, respectively), so investing in either of these companies is a very indirect way to gain exposure to Cerebras.

Retail investors are probably better off waiting for the company's IPO.

When will Cerebras IPO?

Cerebras Systems filed paperwork for an IPO in September 2024, with the plan of listing on the Nasdaq under the ticker symbol "CBRS" in early 2025. It ran into regulatory delays shortly thereafter.

The company's IPO was initially delayed in early March by the Committee on Foreign Investment in the United States who flagged a $335 million investment made by G42, an Abu Dhabi-based cloud and AI company.* A few weeks later, the IPO was further delayed due to unfilled positions at CFIUS.

*In addition to its investment stake, more than 85% of Cerebras' revenue in the first half of 2024 also came from G42. This combination of factors is likely what prompted the investigation.

In May 2025, CEO Andrew Feldman said the company had obtained clearance from CFIUS in March regarding G42's interests and he hoped Cerebras would go public in 2025.

However, at the end of September, Cerebras raised $1.1 billion in a new funding round. It officially withdrew its IPO designation a few days later.

At the time of the round, CEO Andrew Feldman said they still intended to take the company public but wouldn't share any specifics.

Its latest funding round likely pushes an IPO back to mid-2026 or later. When it does go Public, you'll need a brokerage account to buy its stock. If you need one, we recommend Public.

Who founded Cerebras Systems?

Andrew Feldman, Gary Lauterback, Michael James, Sean Lie, and Jean-Philippe Fricker founded Cerebras Systems in 2015.

All five of these co-founders worked together at SeaMicro, a company specializing in computer servers, which was sold to AMD in 2012 for $334 million.

All five remain at the company:

• Andrew Feldman is the CEO
• Jean-Philippe Fricker is the Chief System Architect
• Michael James is the Chief Architect, Advanced Technologies
• Gary Lauterack and Sean Lie serve as co-CTOs

The exact ownership structure of Cerebras is not publicly available, but each of these co-founders still likely own a healthy stake in the company.

How much is Cerebras Systems worth?

Cerebras Systems most recently raised $1.1 billion at an $8.1 billion valuation in September 2025, more than double the $4 billion it was valued at in November 2021. The round brought its total funding to over $1.8 billion.

Here's a look at how its valuation has changed over time: