Cerebras Systems has increased its IPO size, now seeking up to $4.8 billion, as investor demand for its AI chip and data center shares grows. The company is offering 30 million shares at $150–$160 each, per a SEC filing confirming earlier Bloomberg reports. Previously, it had priced 28 million shares at $115–$125.

The upsize reflects strengthening interest in AI infrastructure. Cerebras, an AI chipmaker focused on high-performance computing, is tapping capital to scale its data center operations amid rising demand for AI-driven workloads.

This IPO marks a significant funding milestone for Cerebras, positioning it to compete more aggressively in the AI hardware sector. Investors see the upsize as validation of the company’s growth trajectory in a market where AI chip demand is surging.