Cerebras IPO Ignites AI Capital Market, Trump's Son-Backed Firm Emerges

BlockBeats News, May 16th, the U.S. AI chip company Cerebras Systems officially landed on the Nasdaq, becoming the world's largest IPO since 2026, raising approximately $5.55 billion, with a peak intraday surge of 108% and a first-day closing market value of $67 billion.

The company is known for its wafer-scale giant AI chip architecture, seen by the market as a key competitor challenging Nvidia's GPU dominance, and has received computing power orders from several AI companies including OpenAI.

Of note, the investor list includes 1789 Capital, in which Donald Trump Jr. is involved. The institution has participated in two rounds of Cerebras funding since 2025 and has continually increased its position in subsequent funding rounds.

Prior to the IPO, Cerebras completed multiple rounds of financing, with a valuation soaring to $23 billion at one point, attracting participation from institutions and industry giants such as Benchmark, Fidelity, and AMD, forming a diverse shareholder structure covering Silicon Valley and Wall Street.

Analysts point out that this IPO is not only a significant milestone in the AI chip race but also further amplifies the trend of capital concentration in the AI infrastructure field. The involvement of politically affiliated investment firms in the transaction has added more market and public attention to the deal.