Cerebras Systems has priced its IPO at $185 per share, aiming to raise $5.5 billion and valuing the AI chipmaker at $40 billion. This marks a significant increase from its $8.1 billion valuation just eight months ago, underscoring the rapid influx of investor capital into artificial intelligence. The trend poses a challenge for digital assets as investor focus shifts towards AI equities. The surge in AI-related stocks has made U.S. equities a prime destination for risk capital, with Intel up 218% year-to-date and the Philadelphia Semiconductor Index rising 66%. In contrast, Bitcoin has fallen 9% to below $80,000, and the CoinDesk 20 Index has dropped 19%. The anticipated IPOs of SpaceX and OpenAI could further draw investment away from cryptocurrencies, as they are expected to be among the largest stock market listings in history.