Cerebras stock hits record low of $146.98, down 62% from its first-day high

The wafer-scale AI chipmaker now trades about 21% below its $185 IPO price as lock-up expiry, insider selling and Nvidia competition weigh on shares Cerebras Systems shares sank to a post-IPO low between $146.90 and $146.98 on October 12, 2026. That leaves the AI chip designer roughly 21% below its $185 IPO price and approximately 62% under its first-day intraday high of $386. The stock (NASDAQ: CBRS) debuted on May 13, 2026, with an IPO price of $185 per share. The company sold 30 million shares in the offering, raising between $5.55 billion and $6.4 billion.

Source: Crypto Briefing