Cerebras shares slip below their $185 IPO price after a blockbuster debut
Photo: Crypto Briefing
The AI chipmaker opened at $350 in May, but by early October the stock was trading in the $164 to $177 range after its lockup expired In May, Cerebras Systems had one of the flashiest market debuts of the year. Five months later, its stock trades below the price institutional buyers paid before the opening bell. The AI chip designer priced its initial public offering at $185 per share. By early October 2026, shares were changing hands between $164 and $177, with the stock recently sitting around $165. That is a long way down from the $350 opening print.
Source: Crypto Briefing
