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US IPO Weekly Recap: IPO Calendar Heats Up As Cerebras Rejoins Public Pipeline
Seekingalpha.com and 1 more
- Cerebras filed to go public on Nasdaq under ticker CBRS after withdrawing plans in 2025.
- 2025 revenue rose about 76% to $510 million with net income of $87.9 million.
- OpenAI loaned Cerebras $1 billion and obtained a warrant to buy stock tied to performance.
- Cerebras plans to provide significant compute power to OpenAI through 2028, expanding a multi-year agreement.
- Cerebras reported a large remaining performance obligation, with expectations to recognize 15% in 2026–2027.
- The company has shifted toward cloud services in its own data centers for clients like Amazon and Microsoft.
- Cerebras’ OpenAI-related deals and partnerships underpin a sizable portion of future revenue according to sources.
- Cerebras expanded cloud relationships with major tech players and announced a new data center strategy.
- Industry observers see Cerebras as competing with Nvidia and AMD in AI infrastructure.
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