AI chipmaker Cerebras Systems Inc. (NASDAQ:CBRS) CEO Andrew Feldman positioned the company's Nasdaq debut Thursday as a milestone in its long-term AI growth strategy after Cerebras priced its initial public offering at $185 per share, amid strong investor enthusiasm for artificial intelligence infrastructure.

Cerebras Taps Public Markets To Fund AI Expansion

Feldman told CNBC on Thursday that Cerebras had reached a stage where going public made sense as the company scales rapidly in the AI computing sector.

He described the IPO as the right approach to fund Cerebras' next phase of growth, adding that the company sees AI reshaping industries ranging from enterprise data processing to broader business operations.

According to Feldman, the AI industry is still in the early stages of a much larger transformation.

According to a Bloomberg report, chipmaking startup Cerebras is ...