Cerebras to raise IPO price range to $150 to $160 a share as demand surges, sources say​​​​​​​​​​​​​​​​

Nikolas Kokovlis | Nurphoto | Cerebras Systems is set to raise the size and price of its initial public offering as soon as Monday, as demand for the artificial intelligence chipmaker's shares continues to climb, two people familiar with the matter told Reuters on Sunday. The company is considering a new IPO price range of $150 to $160 a share, up from $115 to $125 a share, and raising the number of shares marketed to 30 million from 28 million, said the sources, who asked not to be identified because the information isn't public yet. At the top of the new range, Cerebras would raise roughly $4.8 billion, up from $3.5 billion under its original terms, though the figures remain subject to change before pricing, the people said.​​​​​​​​​​​​​​​​ The increase follows a broader surge in AI adoption that has driven sharp demand for high-performance chips and turned semiconductors into a key bottleneck in the technology supply chain.​​​​​​​​​​​​​​​​ Cerebras' IPO has drawn orders for more than 20 times the number of shares available, the people said, as the chipmaker looks to manage surging interest ahead of its May 13 pricing.​​​​​​​​​​ Cerebras did not immediately respond to a request for comment. Bloomberg News previously reported that the company planned to raise the IPO price range to $125 to $135 per share. Sunnyvale, California-based Cerebras makes specialized chips for running advanced AI models in a market dominated by Nvidia . …