Cerebras stock (CBRS) surges 90% on Nasdaq debut as AI chip race intensifies with Nvidia, AMD and Intel rivalry - here's everything investors need to knowSynopsisCerebras stock (CBRS) price today: AI chipmaker Cerebras experienced a remarkable Nasdaq debut, with shares surging approximately 90% to open at $350, valuing the company at over $75 billion. This strong performance underscores intense investor demand for AI infrastructure, with offering subscriptions exceeding available shares twentyfold.ReutersCerebras stock (CBRS) price todayCerebras stock (CBRS) price today: Cerebras made a striking entrance into public markets, with its shares jumping about 90% on its Nasdaq debut. The AI chipmaker, founded in 2015, priced its initial public offering at $185 per share, but trading quickly opened at $350, pushing its valuation to more than $75 billion almost immediately, as per a report.Cerebras (CBRS) IPO Skyrockets 90% on Nasdaq Debut Amid AI BoomThe strong debut reflects how intense investor appetite remains for artificial intelligence infrastructure. Demand for the offering was reported to be more than 20 times the available shares, underscoring how closely markets are tracking companies tied to the AI boom, as per a NBC News report.AI Chip Race Heats Up Between Nvidia, AMD, Intel, and CerebrasCerebras is often viewed in the same competitive landscape as Nvidia, whose chips remain in extremely high demand from AI developers. That demand has helped Nvidia climb to a market value above $5.6 trillion. Cerebras also competes with AMD and Intel, both of which are vying for a larger share of the AI hardware race.Intel Shares Rally 215% as AI Optimism Lifts Semiconductor StocksIntel has seen a sharp rally this year, with its shares up more than 215%. The value of the U.S. government’s stake in the company has also climbed by over 470%, reaching about $50 billion on paper, though those gains remain unrealized since no shares have been sold, as per the NBC News report.Amazon Nears $3 Trillion Valuation on AI and Cloud Expansion GrowthThe broader AI wave is also spilling into major tech names. Amazon has benefited through its cloud and AI partnerships, including ties with Cerebras, and recently moved close to a $3 trillion valuation milestone.You Might Also Like:Broader Stock Market Gains Driven by AI-Led Tech RallyInvestor enthusiasm for AI has been one of the key forces lifting broader markets. Despite concerns around inflation, geopolitical tensions, and interest rates, the S&P 500 has gained nearly 10% over the past three months. Excluding the influence of major tech giants often referred to as the “magnificent 7,” the gain drops to about 5.5%, highlighting how concentrated the rally has been, as per the NBC News report.Nvidia CEO Beijing Visit Sparks Fresh Focus on China AI MarketMomentum in chip stocks also received a boost after Nvidia’s CEO Jensen Huang accompanied US president Donald Trump on a visit to Beijing, a trip closely watched for potential expansion into a critical market.SpaceX IPO Expectations Build as Next Major AI-Linked Listing EmergesLooking ahead, attention is already turning to what could become an even larger listing. SpaceX is widely expected to go public in the coming months, potentially valued at more than $2 trillion. The company recently merged with xAI, further linking the IPO story to the ongoing AI expansion that is reshaping markets.FAQsWhat price did Cerebras open at?It opened at $350 per share.You Might Also Like:Who are Cerebras’ main competitors?It competes with Nvidia, AMD, and Intel.