AI chip firm Cerebras files to withdraw highly anticipated US listing
AI chip startup Cerebras Systems, which competes with industry leader Nvidia in the booming AI chip market, on Friday filed to withdraw its plans for an initial public offering in the United States, effective immediately.
Its withdrawal comes as U.S. IPO activity picks up in recent months, reversing an earlier slowdown caused by trade-policy uncertainty, with recent listings, such as that of data center real estate investment trust Fermi, getting warm receptions amid surging investor enthusiasm for AI-related stocks.
