In March 2025, as Cerebras’ first attempt at going public sat in limbo, CEO Andrew Feldman stood in front of a crowded room at the Glasshouse, a trendy party venue in downtown San Jose, California, raising a glass of champagne. He was in the proverbial belly of the beast, holding a swanky event on the sidelines of Nvidia’s GTC conference, schmoozing potential customers in town for the chip giant’s massive annual summit.

“I’d like to say cheers, and enjoy the party,” he said. As he finished his toast, a curtain opened to reveal a dance floor, disco ball and smoke machine, while Justin Timberlake’s “Rock Your Body” blasted on the speakers.

It was a posh gathering, where guests nibbled on shrimp cocktails and avocado mini tacos. The elaborate evening, including the surprise dance floor reveal, seemed illustrative of something Feldman told Forbes earlier that day when asked about competition with Nvidia: “The question is not, are you competing?” he said, though his answer was an emphatic yes. “The question is, do you have to take share from them, or is the market growing so fast that everybody can get fed?”

In other words, there was plenty of room for he and Cerebras to grab their share — even if, like the hidden dance floor, it wasn’t apparent at first.

More than a year later, as the biggest AI companies in the world commit trillions of dollars to chips and data centers, his sentiment is only more true. On Thursday, Cerebras finally went public. The company raised a whopping........

© Forbes