Cerebras Systems IPO Surges 108% on First Day, Reaching $66B Valuation
Cerebras Systems priced its IPO at $185/share and opened at $385, closing day one at $311 with a $66B market cap.
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OpenAI's IPO Narrative Has a ChatGPT Problem
ChatGPT's user growth slowed dramatically in early 2026 while Claude surged 11x on downloads, putting pressure on OpenAI's IPO ambitions at a critical moment.