Cerebras: 2x ETF Pulls $42M in First Hour Post-IPO

The 2x Cerebras ETF pulled in $42 million during its first hour of trading, underscoring explosive demand less than 24 hours after Cerebras Systems completed its IPO. The leveraged product tracks the AI chip designer whose wafer-scale systems power large-scale training workloads, with early flows reflecting aggressive positioning by traders seeking amplified exposure to the newly public name.