• California-based AI chipmaker Cerebras Systems, aiming to rival Nvidia, is preparing for an initial public offering (IPO) that could raise up to US$1B at a valuation of US$7-US$8B. In 2023, Cerebras's revenue soared 216% to US$79M, implying the IPO values the company at 100x revenue! This really shows how hot AI stocks are with investors right now!