According to Dongcha Beating monitoring, Bloomberg reported that, according to sources familiar with the matter, artificial intelligence chip manufacturer Cerebras Systems is set to increase the size and price of its initial public offering (IPO) as early as Monday, as demand for its stock continues to surge. The company is considering setting the new IPO price range at $150 to $160 per share, up from the previous range of $115 to $125, and increasing the number of shares issued from 28 million to 30 million.

If priced at the upper end of the new range, Cerebras will raise approximately $4.8 billion, higher than the original $3.5 billion plan. Sources said Cerebras' IPO orders have exceeded the available shares by 20 times, and the chipmaker is attempting to address the surge in market interest ahead of the pricing on May 13.

Cerebras produces specialized chips for running advanced AI models, a market currently dominated by Nvidia. Unlike the industry's long-standing reliance on GPU chips for model training, Cerebras' chips are better suited for inference. This week's IPO will mark Cerebras' second attempt at going public, as the company initially filed for an IPO in 2024 but withdrew the plan last year.