ETFs in Focus as Cerebras Systems Plans IPO Amid AI Chip Boom

Zacks10-04

Cerebras Systems is preparing to go public during a surge in artificial intelligence (AI) technology, aiming to become the first chip maker to debut in this environment. The company recently filed for...

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The company recently filed for...</p>\n\n<a href=\"https://finance.yahoo.com/news/etfs-focus-cerebras-systems-plans-180000491.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4503","symbol_name":"景林资产持仓","start_time":0,"source_url":"https://finance.yahoo.com/news/etfs-focus-cerebras-systems-plans-180000491.html","article_id":"2472625455","we_media_id":null,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/iDk6XXWOlNpV7vQ6n40c0A--~B/aD00MDA7dz02MzU7YXBwaWQ9eXRhY2h5b24-/https://media.zenfs.com/en/zacks.com/be815aa1679ba9144662015326cdfaf7"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2472625455","pubTimestamp":1727978400,"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"Cerebras Systems is preparing to go public during a surge in artificial intelligence  technology, aiming to become the first chip maker to debut in this environment. The company recently filed for an initial public offering  with the U.S. Securities and Exchange Commission and plans to list on the Nasdaq under the ticker CBRS. However, Cerebras has not yet disclosed the timing or financial details of the IPO.If Cerebras Systems goes public, Cerebras Systems stock may find a place in semiconductor ETFs like VanEck Semiconductor ETF SMH, iShares Semiconductor ETF SOXX, First Trust Nasdaq Semiconductor ETF FTXL and SPDR S&P Semiconductor ETF XSD. Renaissance IPO ETF IPO may also include the Cerebras stock in its portfolio.Cerebras \"design processors for AI training and inference,\" the filing said, as quoted on investors.com. \"We build AI systems to power, cool and feed the processors data. 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The company recently filed for an initial public offering (IPO) with the U.S. Securities and Exchange Commission and plans to list on the Nasdaq under the ticker CBRS. However, Cerebras has not yet disclosed the timing or financial details of the IPO.\nIf Cerebras Systems goes public, Cerebras Systems stock may find a place in semiconductor ETFs like VanEck Semiconductor ETF SMH, iShares Semiconductor ETF SOXX, First Trust Nasdaq Semiconductor ETF FTXL and SPDR S&P Semiconductor ETF XSD. Renaissance IPO ETF IPO may also include the Cerebras stock in its portfolio.\nBusiness Model and Competitive Position\nCerebras \"design(s) processors for AI training and inference,\" the filing said, as quoted on investors.com. \"We build AI systems to power, cool and feed the processors data. We develop software to link these systems together into industry-leading supercomputers that are simple to use, even for the most complicated AI work.\"\nCerebras markets its chips as alternatives to NVIDIA’s NVDA AI-focused hardware. While NVIDIA and other major players like Advanced Micro Devices AMD dominate the AI chip market, Cerebras has drawn some notable supporters, including OpenAI CEO Sam Altman, who is an investor. The company has experienced rapid growth, reporting a revenue jump from $24.6 million in 2022 to $78.7 million in 2023. In the first half of 2024, its revenues soared to $136.4 million, per barrons.com.\nAny Challenge? \nDespite revenue gains, Cerebras remains unprofitable, with a net loss of $127.2 million in 2023. This was an improvement from its $177.7 million loss in 2022. The company continues to face challenges in customer diversification, with its largest client, Abu Dhabi-based G42, making up 87% of its revenues in the first half of 2024.\nOne of Cerebras' biggest hurdles is its limited presence among U.S. tech giants like Microsoft, Amazon, Google, and Meta Platforms, who are significant customers of NVIDIA. While Cerebras claims to be in discussions with large U.S. hyperscalers, it has yet to secure substantial deals in this space.\nCompeting With Nvidia\nCerebras faces stiff competition from NVIDIA, which dominates the AI chip market by offering not just chips but a full-stack solution, including supercomputers, processor connections, networking and crucial software for AI workloads.\nIPO Market Conditions\nCerebras' decision to go public comes during a slow recovery in the IPO market. Though IPO activity has increased in 2024, it remains below the highs of 2021. Despite this, we can expect AI-related businesses to generate significant investor interest.\nAny Future Threat to NVIDIA & AMD Stocks?\nCerebras is banking on its third-generation Wafer-Scale Engine, the largest chip ever sold, to distinguish itself from competitors. The company claims that the size of its chip allows for more efficient processing by reducing the need for data movement, which is both time-consuming and power-hungry.\nThe company projects that the market for AI-related chips and services will grow from $131 billion in 2024 to $452 billion by 2027, per investors.com. Cerebras believes that its unique approach and hardware will help it capture a significant market share from industry biggies like NVIDIA.\nBottom Line \nCerebras Systems aims to create a niche in the booming AI chip market, but it faces hurdles in scaling its business and competing with industry giants like NVIDIA. Its success will depend on securing a more diverse customer base.\nWant the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report\nAdvanced Micro Devices, Inc. (AMD) : Free Stock Analysis Report\nNVIDIA Corporation (NVDA) : Free Stock Analysis Report\nVanEck Semiconductor ETF (SMH): ETF Research Reports\niShares Semiconductor ETF (SOXX): ETF Research Reports\nRenaissance IPO ETF (IPO): ETF Research Reports\nSPDR S&P Semiconductor ETF (XSD): ETF Research Reports\nFirst Trust NASDAQ Semiconductor ETF (FTXL): ETF Research Reports\nTo read this article on Zacks.com click here.\nZacks Investment Research","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"Product Release","news_rank":0,"symbols":[],"gpt_button":0},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.1","shortVersion":"4.29.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2472625455"}