Cerebras, an AI chipmaker, saw its shares nearly double on Nasdaq, closing up 70% with a $95B market cap. Cerebras’s powerful chips are key in the US-China AI tech race. Chris Buskirk, co-founder and chief investment officer of 1789 Capital, a key Cerebras investor, says the company’s IPO is geopolitically significant. On Thursday, shares of Sunnyvale, California-based AI chipmaker Cerebras went public and nearly doubled in the moments after it opened on the Nasdaq at $185 per share. It closed out the day at $311 per share marking a 70% increase in the price of the stock, giving it a $95 billion market cap, and making it the largest IPO of the year so far. For investors desperate to get more AI exposure — the IPO was 20 times oversubscribed — this is one of the biggest new plays in the public markets, alongside chipmaker Nvidia.…