Cerebras Systems Inc. 

CBRS Price

What is Cerebras Systems (CBRS) tokenized stock?

Cerebras Systems Inc. is a Nasdaq-listed AI infrastructure company that designs wafer-scale processors for AI inference and training. CBRS began trading on Nasdaq Global Select on May 14, 2026 after a $5.55B IPO. On crypto venues, CBRS exposure is offered as a cash-settled perpetual futures contract rather than tokenized equity — contracts settle in USDC and do not confer share ownership, voting rights, or dividends. DropsTab tracks the synthetic CBRS market alongside the underlying Nasdaq reference price.

How to buy CBRS tokenized stock on crypto exchanges?

CBRS trades as cash-settled USDC perpetual futures, with no spot crypto market. The volume split skews to DEX: Hyperliquid's XYZ:CBRS-USD contract (deployed by trade.xyz under HIP-3) handles roughly 62% of crypto-venue 24h volume per DropsTab data, with the remainder split across CEX futures on OKX, KuCoin, Gate.io, and MEXC. Trade.xyz launched the contract on May 1, 2026 as the first Pre-IPO Perpetual, auto-converting to a standard equity perp after Cerebras's Nasdaq debut. These are derivatives — not shares, no dividends, no voting rights.

What was Cerebras Systems IPO price and Day 1 close?

Cerebras priced its IPO at $185 on May 13, 2026, above the bumped $150–160 range. It sold 30M Class A shares for $5.55B in gross proceeds, with a 4.5M-share underwriter option potentially lifting the total raise to $6.38B. Stock opened at $350, hit an intraday high of $386.96, and closed Day 1 at $311.07 (+68.15%). Bookrunners: Morgan Stanley, Citigroup, Barclays, UBS. It was the largest US tech IPO since Uber's 2019 listing, valuing Cerebras at roughly $67B on outstanding shares and ~$86B fully diluted.

How does Cerebras's WSE-3 wafer-scale engine work?

Cerebras's Wafer-Scale Engine 3 (WSE-3) is a single-chip processor cut from a full 300mm silicon wafer — approximately 57× the area of Nvidia's Blackwell die, with 4 trillion transistors, ~900,000 cores, and 44GB of on-chip SRAM. By keeping the entire compute fabric on one piece of silicon, the architecture eliminates the inter-chip networking latency that constrains GPU clusters. The CS-3 system pairs WSE-3 with custom cooling, interconnect, and an inference-optimized cloud. Founded 2015 in Sunnyvale, California by Andrew Feldman, Sean Lie, and three other ex-SeaMicro engineers.

Who are Cerebras's biggest customers?

Two UAE-based entities accounted for 86% of FY2025 revenue: MBZUAI (Mohamed bin Zayed University of AI) at 62% and G42 at 24% — down from G42's 85% concentration in FY2024, which triggered the withdrawal of Cerebras's original 2024 IPO filing under CFIUS review. In January 2026, Cerebras signed a multi-year master agreement with OpenAI worth over $20B, covering 750MW of inference capacity through 2028. AWS signed a binding term sheet in March 2026 to deploy CS-3 systems in its data centers. Other named customers: Meta, IBM, Mistral AI, Perplexity.

How does Cerebras compare to Nvidia and AMD?

Cerebras and Nvidia take opposing approaches to AI compute. Nvidia ships discrete GPUs (H100, B200) that scale by clustering thousands of chips with networking. Cerebras integrates the entire compute fabric onto a single silicon wafer — eliminating inter-chip latency at the cost of higher per-unit price (~$3M per node) and 25kW power draw. Cerebras targets inference workloads specifically, where its on-chip SRAM bandwidth produces faster token generation. Nvidia retains advantages in software ecosystem (CUDA), customer breadth, and addressable workloads. Other direct competitors: AMD, Groq (Nvidia-acquired, December 2025), and SambaNova.

Who are Cerebras Systems investors and founders?

Cerebras raised $2.85B in equity and $1.85B in debt privately before the IPO. The most recent Series H in February 2026 valued the company at $23.1B post-money, led by Tiger Global at $89.01/share with participation from Benchmark, Coatue, Altimeter, and AMD. Earlier, the September 2025 Series G raised $1.1B at an $8.1B valuation, co-led by Fidelity and Atreides. Top Class B shareholders pre-IPO: Fidelity 11.3%, Benchmark 9.5%, Foundation Capital 8.3%, Eclipse Ventures 7.3%, Alpha Wave 6.5%.

When does the Cerebras IPO lock-up expire?

The IPO lock-up expires on the earlier of (i) the second trading day after Cerebras's Q3 2026 earnings release, or (ii) 180 days after the May 14, 2026 prospectus date — putting the latest expiry at approximately November 10, 2026. About 171.1M shares unlock at expiry — roughly 5× the IPO float. Release is administered at the discretion of Morgan Stanley, Citigroup, and Barclays. Lock-up expirations typically introduce supply pressure as insiders and pre-IPO investors gain the right to sell.

Is CBRS a stock or a cryptocurrency?

CBRS is a publicly-traded common stock of Cerebras Systems Inc., listed on Nasdaq Global Select under ticker CBRS. What trades on crypto exchanges under the same ticker is a cash-settled perpetual futures contract referencing the underlying Nasdaq share price — these are derivatives settled in USDC, conferring no share ownership, voting rights, or dividend entitlement. The crypto-venue CBRS market lets non-US traders take leveraged 24/7 exposure to the equity, with basis risk relative to Nasdaq spot pricing. DropsTab aggregates both reference price and crypto-venue volume.