Shares of Cerebras Systems (CBRS) are up 10% at the time of writing, while many other AI chip stocks are lower. The move comes days after the chip company went public on Thursday, May 14, and quickly became one of the year’s most closely watched AI IPOs. The latest boost is thanks to S&P Global (SPGI), which said that Cerebras has qualified for Fast Track IPO Entry and would be added to eligible S&P Dow Jones Indices before trading opens on Monday, May 25, 2026.
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NVDS: built for a short position on NVDAThis index news matters because inclusion can create extra demand from funds and investors that track or benchmark against those indices. In other words, Cerebras is not only benefiting from investor excitement around AI chips, but also from the possibility of more forced or rules-based buying after its index addition takes effect.
The rally also builds on an already explosive IPO debut. In fact, Cerebras sold 30 million shares at $185 each, but the stock opened at $350 as investors rushed to buy into the offering. Demand was extremely strong, with orders reportedly coming in at more than 20 times the number of shares available. Notably, the company competes with AI chip giants like Nvidia (NVDA), but through a very different approach. Instead of making small chips, Cerebras builds a massive wafer-sized processor that it says is the largest commercial chip ever produced.
What Is a Good Price for NVDA?
Turning to Wall Street, analysts haven’t started covering CBRS stock yet. Therefore, we will look at its main competitor, Nvidia. Interestingly, analysts have a Strong Buy consensus rating on Nvidia (NVDA) stock based on 40 Buys, one Hold, and one Sell assigned in the past three months, as indicated by the graphic below. Furthermore, the average Nvidia price target of $281.97 per share implies 25.8% upside potential.
