Cerebras just raised its IPO to a valuation at $48.8 billion. The offering has been oversubscribed 20x, and it's the biggest IPO of 2026 so far at a valuation of 71x ARR. Is this sheer insanity, or is the demand for inference compute just so massive that the math actually works? @Jason and @alex discuss on TWiST! Do you think we’re in an AI bubble?!