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773 Cerebras Payday Includes Tiger—And SPVs

The Information
Julia Hornstein @ The Information · 05/14/2026 19:20 EDT

Earlier this morning we published exclusive returns on some of the biggest investors in AI chip designer Cerebras, whose shares surged in their first day of trading. The offering represents welcome cash for investors after they’ve seen initial public offerings get delayed year after year. Tiger Global Management, for instance, bought shares in September 2025 and earlier this year, when it led a $1 billion investment priced at $89 a share. Its investments returned $1 billion based on the company’s IPO price,

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