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00:03Cerebra's filed to go public on Nasdaq as demand for AI infrastructure grows, according to CNBC.
00:09The company reported $87.9 million in net income on $510 million in revenue for 2025,
00:17with revenue rising nearly 76% from 2024 when it posted a $485 million net loss.
00:24The company reported $24.6 billion in remaining performance obligations
00:29and expects to recognize 15% of that total in 2026 and 2027.
00:36Customer concentration remains high, with one university contributing 62% of 2025 revenue.
00:43Cerebra has shifted from selling chips to operating them in its own data centers as a cloud service
00:48and now competes with Amazon, Microsoft, Alphabet, Oracle, and CoreWeave.
00:52Retail investors are seeking IPOs from large technology companies after a slowdown since 2022,
00:58with AI firms Anthropic and OpenAI considering going public as soon as this year.
01:03Cerebra said it raised $1 billion in financing at a $23 billion valuation in February.
01:10For all things money, visit Benzinga.com.
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