Cerebras, a Silicon Valley maker of artificial intelligence chips, has filed a prospectus to go public as a wave of major technology listings gathers momentum. The company reported that revenue rose 75 percent to $510 million last year and that it posted a profit of $238 million, compared with a significant loss the year before. It had previously withdrawn listing plans in 2024 after raising additional funding.

The filing comes as other high-profile companies, including SpaceX and artificial intelligence firms OpenAI and Anthropic, prepare for potential stock market debuts that could dominate investor attention. Cerebras designs specialized chips used to build and run artificial intelligence systems, competing in a market led by Nvidia and increasingly targeted by large technology companies such as Amazon and Google.

Cerebras has reduced its reliance on G42, an artificial intelligence company backed by the United Arab Emirates, which once accounted for most of its revenue. The company said the Committee on Foreign Investment in the United States had cleared its earlier share sale to G42. It has since added Amazon and OpenAI as major customers and disclosed that its agreement with OpenAI is valued at more than $20 billion, though it warned that revenue remains concentrated among a small number of clients.