Cerebras jumps on fast-track entry to S&P Dow Jones Indices
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Cerebras shares surged over 6% following the announcement of its fast-track entry into the S&P Dow Jones Indices, with additional gains in after-hours trading. The AI chipmaker's IPO raised $5.5 billion, opening at $350 compared to a $185 offer price, marking the largest market debut of the year. Inclusion in the index is expected to drive institutional demand, further boosting the stock's momentum.
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