Cerebras IPO Raises $5.55B, Trump Jr.'s 1789 Capital Among Investors

Huo Xing Cai Jing reports that on May 16, U.S. AI chip company Cerebras Systems officially listed on Nasdaq, becoming the largest global IPO since 2026, raising approximately $5.55 billion. Its stock surged as much as 108% during trading, closing its first day with a market capitalization of $67 billion. The company specializes in wafer-scale massive AI chip architecture and is viewed by the market as a key competitor challenging NVIDIA’s dominance in GPU technology, having secured computing power orders from major AI firms including OpenAI. Notably, 1789 Capital, an investment firm involving Donald Trump Jr., appears among its investors. This firm participated in two funding rounds for Cerebras since 2025 and continued to increase its stake in subsequent rounds. Prior to its IPO, Cerebras completed multiple financing rounds, with its valuation peaking at $23 billion and attracting participation from institutional and industrial investors such as Benchmark, Fidelity, and AMD, creating a diversified shareholder base spanning Silicon Valley and Wall Street. Analysts note that this IPO marks a significant milestone for the AI chip sector and further amplifies the trend of capital concentration in AI infrastructure. The involvement of investment entities linked to political families has added substantial market and media attention to the transaction.