Cerebras Systems, valued at $8 billion, files for US IPO as it aims to compete with Nvidia in the AI chip market.

Cerebras revealed its IPO filing on Friday, marking the company's second attempt after withdrawing a previous filing in October

The company raised over $1 billion in its most recent funding round, valuing it at approximately $8 billion

Cerebras is developing AI chips that bypass high-bandwidth memory constraints, positioning itself as a direct competitor to Nvidia

The IPO filing comes amid renewed optimism in the listings market driven by the AI boom