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Wall Street is scrambling to buy, with reports saying the IPO pricing for AI chip company Cerebras keeps getting surpassed, pushing its valuation close to $49 billion.

Wall Street is scrambling to buy, with reports saying the IPO pricing for AI chip company Cerebras keeps getting surpassed, pushing its valuation close to $49 billion.

``` AI chip manufacturer Cerebras Systems is surging onto the US stock market with far greater enthusiasm than expected, with its IPO pricing range repeatedly exceeded, reflecting Wall Street’s strong bet on the AI semiconductor sector. On May 13, Bloomberg cited sources saying Cerebras is expected to price its shares
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