Cerebras Systems Set to File for US IPO, Challenging Nvidia

On December 19–20, 2025, Cerebras Systems, one of Nvidia's most ambitious competitors in the AI hardware market, announced preparations to file for an Initial Public Offering (IPO) in the US. According to Reuters, the company plans to list in the second quarter of 2026. Cerebras is known for its unique "wafer-scale" processors, which offer an alternative approach to training massive neural networks, eliminating the need for complex clusters of thousands of individual GPUs.

The company had previously delayed its public debut due to regulatory hurdles and market volatility, but sources say all checks have now been cleared. The IPO is intended to provide Cerebras with capital to scale production and expand its client base beyond research institutions. For the market, this event will be a crucial test of investor appetite for Nvidia alternatives and could reshape the landscape of AI compute providers.

Source: Reuters