Cerebras Systems, known for its innovative AI chips, is set to raise its IPO price range to between $150 and $160 per share as it responds to overwhelming investor demand, possibly seeking to raise up to $4.8 billion. The company is preparing for what could be one of the largest tech IPOs of the year, testing the appetite for AI chip startups in a hot market. Cerebras plans to go public Thursday, with reports indicating that the offering is already significantly oversubscribed. Investors remain eager as the company positions itself as a key competitor to NVIDIA in the growing AI sector.