The success of chipmaker Cerebras in the public markets bodes well for the much-anticipated IPOs of AI giants Anthropic, OpenAI, and SpaceX.

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 Systems, the AI chipmaker rival to Nvidia, is set to raise more than $5.5bn after pricing its US IPO at $185 per share.

It topped expectations that were already high.