CEREBRAS FILES $3.5B IPO ON NASDAQ — NVIDIA CHALLENGER GOES PUBLIC AT $26.6B VALUATION AI chipmaker Cerebras Systems, whose Wafer-Scale Engine 3 claims to outperform NVIDIA on inference at lower power consumption, filed to raise $3.5 billion at a $26.6 billion valuation. The company holds a $20 billion computing deal with OpenAI through 2028 and $24.6 billion in remaining performance obligations. Keywords: Cerebras IPO, AI chip stocks, NVIDIA rival, AI infrastructure investment