Recently, the intersection between the cryptocurrency market and traditional capital markets has seen another major development. According to official news from Gate, the Gate Contract Stock Zone officially launched live trading for CBRS (Cerebras Systems) perpetual contracts on May 15, 2026. CBRS is a globally recognized leader in the AI chip sector. The company just completed its Nasdaq IPO on May 14, with its stock surging 68% on the first day, making it the largest tech IPO in the US since 2026. By being the first to launch CBRS perpetual contracts, Gate has digitized this hot US stock for the crypto trading ecosystem, opening up a brand-new trading channel for global investors.
Who Is CBRS? The Disruptor in Wafer-Scale AI Chips
CBRS refers to the stock of Cerebras Systems, a semiconductor company specializing in chips for AI training and inference. Unlike traditional AI chip companies like NVIDIA, which focus on GPUs, Cerebras has taken a different path by investing in the manufacturing of Wafer-Scale Engine (WSE) chips—creating a single AI processor from an entire wafer to achieve higher bandwidth, lower latency, and greater computing power.
Cerebras has advanced to its third-generation product, the WSE-3, which uses TSMC’s 5-nanometer process. It contains 4 trillion transistors, 900,000 AI cores, and 44GB of on-chip SRAM, making it the largest single chip in the world. In performance tests, Cerebras’ inference system ran the Llama 3 70B model 21 times faster than NVIDIA’s flagship GPU, the B200.
On the commercial front, Cerebras has established deep partnerships with major clients including OpenAI, Amazon Web Services (AWS), and UAE-based AI company G42. In 2025, the company’s revenue grew 76% year-over-year to approximately $510 million, turning from heavy losses to net profitability—demonstrating strong commercial execution.
CBRS Market Performance: A High-Profile AI Chip IPO
On May 14, 2026, Cerebras Systems was officially listed on Nasdaq under the ticker CBRS, priced at $185 per share and raising $5.55 billion in its IPO. On its debut, CBRS opened at $350, peaked at $385 during the day (up to 108%), and closed at $311.07, marking a 68.2% gain in a single day. Its fully diluted market cap reached about $95 billion, making it the largest US tech IPO since Uber in 2019.
On the second trading day (May 15), CBRS opened high but closed lower, dipping to $275 during the session and ending around $280—a pullback of about 10%. Over two trading days, the price swung as much as 109%, underscoring the market’s divided sentiment toward high-valuation AI IPOs. As of May 18, the market continues to digest CBRS’s post-IPO valuation.
From a valuation perspective, CBRS’s peak market cap was over 130 times its revenue from the past four quarters, far exceeding mature semiconductor peers like NVIDIA. Additionally, approximately 86% of its 2025 revenue came from just two UAE-related clients, highlighting significant customer concentration risk. Cerebras signed an agreement with OpenAI to provide 750 megawatts of computing capacity by 2028, valued at over $20 billion, and allowing OpenAI to purchase up to 33.4 million non-voting shares—a long-term contract that provides critical support for future growth.
How Does Gate’s Contract Stock Zone Capture CBRS Trading Opportunities?
The launch of CBRS perpetual contracts on Gate brings several key advantages to crypto users:
- 24/7 Continuous Trading. While CBRS shares on Nasdaq are limited to fixed trading hours, Gate’s CBRS perpetual contracts break this restriction, allowing users to respond to market price changes at any time. This greatly enhances responsiveness to global news and market shifts.
- Bi-directional Leverage Trading. Contracts support leverage from 1x to 20x. Users can go long to capture gains from the AI chip sector’s growth or go short to hedge against overvaluation risks. Leverage can be flexibly chosen at order placement, making capital usage far more efficient than traditional US stock trading.
- USDT Settlement System. CBRS perpetual contracts are settled in USDT, eliminating the need to open a fiat account. Users can allocate popular US stock assets directly with a single crypto asset, significantly lowering the entry barrier.
Gate’s Expanding Stock Token Ecosystem—CBRS and the Product Matrix
CBRS’s launch is not an isolated event. Since 2026, Gate has been aggressively expanding its stock token product line. According to official announcements, since Q1, Gate has launched over 30 perpetual contract products for stocks and ETFs, covering AI and tech giants, aerospace and defense leaders, consumer goods giants, and core ETFs across multiple sectors.
Recent highlights include:
- Pre-market Trading for AI Unicorns: On April 13, 2026, Gate launched perpetual contract pre-market trading for five tokens: OPENAIUSDT, ANTHROPICUSDT, ANDURILUSDT, KALSHIUSDT, and POLYMARKETUSDT, supporting 1x to 10x leverage.
- Tech Giant Contract Launches: On January 29, ten US stock perpetual contracts went live, including MSFT (Microsoft), IBM, INTC (Intel), and ARM. On March 3, seven more contracts launched, including RTX (Raytheon), TSM (TSMC), and BA (Boeing).
- Dual Product Architecture: Gate’s stock token product line now operates in parallel with xStocks and Ondo Stocks, both fully collateralized and pegged 1:1 to real stock prices.
From an industry perspective, as of early 2026, Gate’s Stock Token Zone has surpassed $140 billion in cumulative trading volume, with a single-month market share as high as 89.1%. This data confirms Gate’s position as the dominant leader in the crypto stock token sector.
Market Outlook and Risk Warning
The AI semiconductor sector remains one of the most compelling narratives in global capital markets for 2026. From an industry standpoint, demand for training and inference power for large language models is expanding exponentially. On the policy front, the digital asset industry is undergoing an "asset expansion" phase, with stock tokens serving as a key bridge between traditional finance and the Web3 ecosystem—moving from the fringes to mainstream adoption.
However, CBRS and the broader AI chip sector face multiple uncertainties: its massive valuation must be continually validated by commercial performance; cyclical fluctuations in AI infrastructure investment could impact industry confidence; and stock tokens, as synthetic derivatives, are pegged to underlying stock price movements but their pricing is influenced by crypto market liquidity, which may lead to price discrepancies from actual stock value. Crypto asset investment carries high risk and volatility. Users should make decisions carefully based on their own financial situation and risk tolerance.
Conclusion
Gate’s Contract Stock Zone has launched CBRS (Cerebras Systems) perpetual contract trading, supporting 1x to 20x long and short leverage and settled in USDT, offering global crypto users 24/7 trading access. As the largest AI chip IPO since 2026, CBRS saw its stock price soar 68% on its first day, maintaining high market momentum. With sustained demand for AI infrastructure, Gate continues to expand its stock token product matrix—over 30 US stock and ETF perpetual contracts launched in Q1, cumulative trading volume exceeding $140 billion, and market share reaching 89.1%. Gate is providing foundational support for the deep integration of the crypto ecosystem and traditional capital markets. For those seeking efficient access to the hottest global AI investment opportunities and flexible leverage management, Gate’s Contract Stock Zone is well worth close attention.
