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AI Chipmaker Cerebras Raises $5.55 Billion in Year's Biggest IPO

Cerebras raised $5.55 billion in its US initial public offering, as the AI chipmaker seizes on the surging demand for semiconductors. This is the largest IPO of the year so far. Shares were priced to open 89% above their listing price. Cerebras CEO Andrew Feldman joined Ed Ludlow on "Bloomberg Tech" before the stock started trading and called it a "pretty good day." (Source: Bloomberg)