Cerebras Is About as Big as Nvidia's Data Center Business Was Nearly a Decade Ago. The Similarities Mostly End There.
The AI chipmaker is about the size Nvidia's data center business was nearly a decade ago. Can it grow the same way?
Overview
Cerebras Systems (NASDAQ:CBRS) priced its initial public offering (IPO) at $185 a share in May, and the stock closed its first day of trading at $311.07. As I write, shares are roughly $165 -- below the IPO price, about 47% under that first close, and near the stock's lowest close since it went public.
The business, meanwhile, keeps growing. The artificial intelligence (AI) chipmaker expects $880 million to $890 million of core revenue for 2026, up about 74% over last year at the midpoint. Core revenue is the company's preferred non-GAAP (adjusted) sales number.
Details
Any fast-growing AI chipmaker invites a comparison to Nvidia (NASDAQ:NVDA). And on revenue alone, Cerebras today is about where Nvidia's data center business was nearly a decade ago.
Source
Originally published at www.fool.com.