Cerebras prices IPO above expected range, as Wall Street braces for AI tsunami

Cerebras Systems, a maker of artificial intelligence chips, priced its IPO at $185 a share on Wednesday, above the expected range, according to a person with knowledge of the matter. The deal comes as investors gear up for what's expected to be a very busy year for new AI offerings. The IPO reeled in at least $5.55 billion for Cerebras, which is hitting the market during a silicon renaissance. …