AI chipmaker Cerebras plans a blockbuster IPO, potentially the year’s biggest, amid a surge in tech shares and chip sector deals.
AI chipmaker Cerebras is poised for a high-profile public debut on Monday, with its IPO expected to be the largest of 2026 so far. The UAE-based startup, which counts Amazon and OpenAI among its customers, could further boost tech stocks already lifted by a recent deal between Apple and Intel for chip supplies.
US equities hit record highs Friday after reports of the Apple-Intel agreement, which will see Intel produce chips for the iPhone maker. The tech sector’s momentum has been driven by strong demand for AI-related hardware and strategic partnerships in the semiconductor industry.
In parallel, Nvidia CEO Jensen Huang and Apple CEO Tim Cook are set to join a US delegation to Beijing this week, as trade talks between President Trump and Chinese President Xi Jinping approach. The discussions will cover AI regulations, trade policies, and geopolitical tensions.