capexScore 35/100Watch
Andrew Feldman: Cerebras IPO priced at $185/share, opened at $320/share (73% first-day pop); now trading at $230/share with $60B market cap
Will Marshall· Planet Labs· Space· 2026-07-19· about Cerebras (CBRS)
“They priced the IPO at 185, which was up the range was taken up two times. Okay. The stock opened at $320 a share. I think today it's at 230 bucks a share. 50 $60 billion in market cap for a business like you know and and Andrew is just one of these people.”
Why it matters
Cerebras raised capital at a $60B+ valuation despite limited commercial revenue. This signals massive investor appetite for differentiated AI silicon, enabling aggressive capex for manufacturing, R&D, and customer acquisition.
Investment implication
Cerebras now has substantial capital to fund wafer purchases, foundry partnerships, and customer support. NVIDIA faces well-capitalized competition. Foundries (TSMC, Samsung) and advanced packaging providers (JDSU, ASM, Lam Research) benefit from incremental AI chip capex.