Cerebras claims to produce chips 20x faster than Nvidia at a lower cost.

From Yahoo Finance: 2024-10-12 10:05:00

Nvidia, the AI chipmaker, has reached a $3.2 trillion market cap and makes up 6% of the S&P 500 index. Its competitor, Cerebras, is planning an IPO with claims to produce chips outperforming Nvidia by 20x at a fraction of the cost. Cerebras recently reported revenue of $136.4 million in the first half of 2024, and its CEO states the company’s products are faster and cheaper than Nvidia’s. However, Nvidia reported revenue of $30 billion in the second quarter, making it a tough competitor. The market eagerly awaits to see if Cerebras can overtake Nvidia in the AI chip space.



Read more at Yahoo Finance: The Newest Artificial Intelligence Stock Has Arrived — and It Claims to Make Chips That Are 20x Faster Than Nvidia