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G42-linked chipmaker Cerebras jumps in first day on Nasdaq

By CityCalc Newsroom · Fri May 15 2026 · Source: AGBI

Cerebras, an American chipmaker with extensive connections to the UAE, soared in its first day of trading on the Nasdaq as global demand for microchips continues to rise. The stock opened nearly 90 percent higher on Thursday, trading at $350 per share from the set price of $185.

Cerebras, an American chipmaker with extensive connections to the UAE, soared in its first day of trading on the Nasdaq as global demand for microchips continues to rise. The stock opened nearly 90 percent higher on Thursday, trading at $350 per share from the set price of $185.

Curated by CityCalc from AGBI. Read the full article at the source.

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