The IPO of Cerebras Systems on May 14, 2026, exceeded all expectations and became the largest tech IPO of 2026. The California-based company, which develops specialized chips for artificial intelligence, raised $5.5 billion and saw its share price rise by more than 100 percent on the first day of trading. The debut is considered a milestone for the entire AI sector and a sentiment test for future IPOs of major technology companies. A Historic First Day of Trading Cerebras had priced its shares