#312: Cerebras: 2026's biggest IPO?
About this episode
The episode discusses Cerebras, a rapidly growing AI company and its recent IPO, highlighting its innovative technology and associated risks.
This week, we dive into one of the hottest new companies in AI and the market: Cerebras (CBRS). The company only just IPO’d, but it’s already valued at close to $100 billion. Even more astonishing? Cerebras was founded just 11 years ago by five engineers. Its core thesis is radical: the architecture underpinning AI computing is fundamentally flawed.Cerebras argues that GPUs—the chips powering today’s AI boom—were never actually designed for deep learning. They just happened to be dramatically better than CPUs. So instead of improving on existing designs, Cerebras built something entirely different from the ground up: the Wafer Scale Engine (WSE). The result is a system that eliminates many of the bottlenecks caused by connecting multiple chips together while delivering memory bandwidth reportedly 7,000 times greater than traditional GPU setups. But for all the excitement, there are real concerns too. The company initially filed for an IPO in 2024, but the process was delayed after a national security review. It also came under heavy scrutiny after investors discovered it relied heavily on a single UAE-linked customer, G42. Even today, two UAE organizations account for roughly 86%…
More episodes of Stock Club
- #314: Can SpaceX Really Be Worth $2 Trillion?
- #313: Wall Street's Craziest Stories
- #311: Are We in an AI Bubble?
Explore listener stats, chart rankings, contacts and more on the Stock Club podcast page.