Cerebras Systems is reportedly planning to raise up to $4 billion in its upcoming initial public offering (IPO), driven by increasing demand for its AI chips and data center solutions. The Sunnyvale, California-based company is targeting a valuation of approximately $40 billion, according to sources familiar with the matter. Investment banks underwriting the IPO have already received over $10 billion in potential subscription interest, reflecting a broader surge in semiconductor stocks. While Cerebras has not commented on the reports, the company could begin its formal IPO roadshow as early as Monday. Details regarding the offering's size, valuation, and timing remain subject to change.