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May 11, 2026 12:01 PM

Nvidia, AMD, Broadcom And Now Cerebras: AI Chip Trade Gets A New Name

The AI chip trade is getting a new public-market name this week. 

Cerebras Systems is expected to price its IPO on Wednesday, with shares potentially beginning to trade on Nasdaq under the ticker CBRS as early as Thursday, subject to final pricing and the registration statement becoming effective. 

AMD stock is moving. See the chart and price action here. 

The timing gives investors another way to bet on the AI infrastructure boom beyond Nvidia Corp. (NASDAQ:NVDA), Advanced Micro Devices Inc. (NASDAQ:AMD) and Broadcom Inc. (NASDAQ:AVGO). 

Nvidia remains the dominant name in AI accelerators, AMD is trying to gain share with its Instinct lineup and Broadcom has become a major custom-chip beneficiary as hyperscalers seek alternatives to an all-Nvidia strategy.