Cerebras Systems had a strong debut on Wall Street, with its shares closing 68% higher, resulting in a market capitalization of approximately $95 billion. This performance nearly placed the company among the elite group of firms, including Meta and Alibaba, that have surpassed the $100 billion mark on their first day of trading.
For context, Alibaba's initial public offering (IPO) in 2014 saw it close with a market cap of over $231 billion, while Facebook reached about $104 billion in 2012. In comparison, Cerebras is significantly smaller, reporting $510 million in revenue for 2025, whereas Alibaba and Facebook had revenues of $5.5 billion and $3.7 billion, respectively, in the year prior to their IPOs.
However, Cerebras has secured a substantial multiyear deal with OpenAI valued at over $20 billion and has partnered with Amazon Web Services, which could enhance its growth prospects. The IPO of Cerebras may signal a trend for more significant market entries this year from other notable companies such as SpaceX, OpenAI, and Anthropic.
This event highlights the ongoing strength and interest in the semiconductor sector, particularly in the context of AI and cloud computing