How to Invest in Cerebras Systems Stock in 2026

Cerebras Systems had its initial public offering on May 14, 2026.

The company debuted on the Nasdaq under the ticker symbol "CBRS," pricing its IPO at $185 per share, nearly 50% above the top end of its expected range. Cerebras sold 30 million shares and raised $5.55 billion, making it the largest public offering of the year so far.

The stock surged in initial trading. After opening at $350 per share, the stock surpassed $385 before settling closer to $320, giving the AI chipmaker a market capitalization of around $90 billion.

Its IPO couldn't have come at a better time.

Investor appetite for AI and semiconductor stocks is near all-time highs, fueling massive rallies across the sector. Shares of Micron (MU), Advanced Micro Devices (AMD), Intel (INTC), and Sandisk (SNDK) have all notched triple-digit gains this year among the ongoing AI infrastructure boom.

Founded in 2015, Cerebras Systems makes specialized chips and supercomputers designed specifically for training and running massive AI workflows. Its flagship Wafer-Scale Engine is the largest computer chip ever built and is designed to compete directly with the GPUs sold by Nvidia (NVDA).

In response to competition from Cerebras, Nvidia paid $20 billion in December 2025 to acquire assets from Groq, whose chips more closely resemble Cerebras', and has since launched new Groq-based products.

Revenue at the California-based chip company rose to $510 million in 2025, up from $290.3 million a year earlier.

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 — including a $10 billion agreement with OpenAI.

Cerebras also signed a deal with Amazon's AWS in March to deploy its chips in Amazon data centers.

How to invest in Cerebras Systems

Now that Cerebras Systems is publicly-traded, anyone can buy its stock with a regular brokerage account.

Simply log in to your brokerage account, look up CBRS, select 'Buy' and enter the number of shares you want to purchase.

If you need a brokerage account, we recommend Public. On it, you can buy stocks, ETFs, bonds, Treasury Bills, and more, all from an extremely user-friendly interface.

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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 range of applications and flexibility of 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 of their own 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), which also recently signed a deal to put Cerebras' chips in AWS data centers.

According to its S-1, Cerebras's revenue increased from $24.6 million in 2022 to $78.7 million in 2023 and to $290.3 million in 2024, a more than tenfold increase in 3 years. Revenue increased to $510 million in 2025, up 76% year-over-year. It also posted a profit of $1.38 per share in 2025, a major turnaround from a loss of $9.90 per share a year earlier.

In January 2026, Cerebras scored a $10 billion contract with OpenAI to provide the AI lab with 750 megawatts of computing power through 2028.

Two months later, in March 2026, Cerebras signed a deal with Amazon's AWS to deploy its chips in Amazon data centers.

Cerebras' path to the public markets

Cerebras Systems first 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 March 2025 by the Committee on Foreign Investment in the United States, which flagged a $335 million investment made by G42, an Abu Dhabi-based cloud and AI company.* 

*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.

A few weeks later, the IPO was further delayed due to unfilled positions at CFIUS.

In May 2025, CEO Andrew Feldman said the company had obtained clearance from CFIUS 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 and 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 further details.

Then, in February 2026, Cerebras raised an additional $1 billion in its Series H. The round came just weeks after Cerebras and OpenAI announced a partnership in which OpenAI will deploy 750 megawatts of Cerebras-built computing power through 2028 in a deal worth over $10 billion.

In April 2026, Cerebras once again filed its IPO paperwork, targeting a mid-May debut.

It became publicly traded on May 14.

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 owns a healthy stake in the company.

Following the Cerebras' IPO, Feldman is estimated to be worth over $3 billion.