AI chipmaker Cerebras files to go public after scrapping IPO plans last year

Cerebras, a company that makes specialized chips for running AI models, filed to go public on Nasdaq after previously canceling IPO plans in 2024. The company reported strong financial growth in 2025 with $510 million in revenue (up 76% from 2024) and has major deals with OpenAI (worth over $20 billion for computing power through 2028) and Amazon, positioning itself as an alternative to Nvidia's GPUs (graphics processing units, specialized processors commonly used for AI tasks) by claiming faster speeds and lower costs.