Cerebras soars almost 70% by market close in a true blockbuster IPO

Cerebras Technologies made a significant debut on the public markets, with its shares soaring nearly 70% on the first day of trading. The chipmaker, known for its AI inference chips and positioning itself as a competitor to Nvidia, has overcome previous investor concerns, particularly due to its partnership with OpenAI, which has bolstered investor confidence. CEO Andrew Feldman's past legal issues appear to have been overshadowed by the company's promising future in the AI sector.