What you need to know about Nvidia competitor Cerebras after wild IPO

Cerebras Systems ' monster debut on Thursday didn't just place it among tech's biggest-ever IPOs — it was a crystal clear signal of unstoppable demand for chips to power AI, as tech giants scramble to find alternatives to the costly, sold-out graphics processing units made by Nvidia . Cerebras closed its first day trading on Wall Street with a market cap just below $100 billion, putting it near the few companies to close above that mark, such as Facebook-parent Meta and Alibaba . …