Cerebras starts trading on Nasdaq Global Select Market on Thursday under the ticker symbol 'CBRS'.

Cerebras Systems Inc. raised $5.55 billion in its US initial public offering, as the artificial intelligence chipmaker seizes on the surging demand for semiconductors.

Cerebras raised $5.55 billion in its IPO, and with the chipmaker's offering, investors are gearing up for some even bigger AI deals later this year.

Company raised $5.55bn from sale of 30 million shares

Cerebras starts trading on Nasdaq Global Select Market on Thursday under the ticker symbol 'CBRS'.