Etched Stock
Private company — Etched is privately held. Its shares are not listed on any public exchange and can only be accessed through private secondary transactions.
Status source: AXEVIL investment team
$278.64 per share (AXEVIL consensus estimate)
Source: AXEVIL consensus of recent secondary transactions · as of 6 October 2026
Valuation: $92.51T
Data last updated: 6 October 2026
About Etched
Designs the Sohu chip — a specialized microchip hardwired solely for the transformer architecture — and builds the racks and software around it. Claims roughly 500,000 tokens per second on Llama 70B versus about 25,000 for a comparable H100 setup. Manufactured on TSMC's 4nm process.
Etched is an American developer of specialized inference chips, founded in 2022 by three Harvard students, headquartered in San Jose. It designs Sohu — a chip that can run only transformer neural networks, the architecture behind all major large language models: giving up general-purpose flexibility frees up nearly the entire die for computation. The chip ships inside the company's own liquid-cooled racks; the first is already running in trading firm Jane Street's data center. Signed contracts exceed $1 billion and span cloud providers and AI labs. In August 2026 the company raised $700 million led by Jane Street at a $21 billion valuation — four times its December level; total funding raised is about $1.8 billion.
- Sector: Semiconductors
- Headquarters: San Jose, California, USA
- Founded: 2022
Frequently asked questions
Can I buy Etched stock?
Not on a public exchange — Etched is privately held. Shares change hands only in private secondary transactions. AXEVIL structures those as dedicated US special purpose vehicles for accredited investors, subject to availability and to the rules of your jurisdiction.
How much is one Etched share?
A private company has no single official price. AXEVIL's consensus estimate is $278.64 per share as of 6 October 2026.
When will Etched IPO?
No listing has been announced. AXEVIL does not forecast IPO dates — this page states what has actually been filed or reported, with the date it was last checked.
Is Etched publicly traded?
No. Etched is a private company and its shares are not listed on any public exchange.
Similar companies
- Ayar Labs — Semiconductors
- Lightmatter — Semiconductors
- Tenstorrent — Semiconductors
Risk disclosure
Nothing on this page is an offer to sell or a solicitation to buy any security, and it is not investment advice. Valuations and share prices shown here are AXEVIL estimates built from primary sources — filings, announced rounds and completed secondary transactions — not quoted market prices, and they can be revised. Private-company shares are illiquid, may be impossible to sell, and the entire amount invested can be lost. Availability depends on your jurisdiction and on accredited-investor status.