Andrew Feldman, co-founder and CEO of Cerebras Systems, speaks at the Raise summit in Paris on July 8, 2025. The annual conference gathers global leaders and key speakers in tech and AI. Nathan Laine | Bloomberg | Getty Images Cerebras Systems, a maker of artificial intelligence chips, priced its IPO at $185 a share on Wednesday, above the expected range, according to a person with knowledge of the matter. The deal comes as investors gear up for what's expected to be a very busy year for new AI offerings. The IPO reeled in at least $5.55 billion for Cerebras, which is hitting the market during a silicon renaissance. Intel , Advanced Micro Devices and memory maker Micron are each up more than 80% in the past month, and have notched much more dramatic gains over the last year as investors spread their chip bets from Nvidia to the wider universe of semiconductor companies now benefiting from the AI boom. It's also one of the largest tech IPOs in years.…