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Cerebras Shares Rise on Forecast

Cerebras Systems raised its 2026 revenue outlook and signed Microsoft as a customer. The chip maker reported strong third quarter results, easing investor concerns over artificial intelligence spending.

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A Cerebras Systems CS-4 server rack, which includes three dinner-plate-sized chips and advanced networking hardware, is displayed at a San Francisco event venue, California, U.S., August 17, 2026. REUTERS/Max A. Cherney

Cerebras Systems raised its 2026 revenue forecast and signed Microsoft Corp as a customer, sending shares up 17% in extended trading on Thursday. The chip maker's upbeat outlook eased investor jitters over AI infrastructure spending following leadership changes at NVIDIA Corp and voter pushback in the United States against data centers. Cerebras shares had previously fallen 47.2% from their May IPO price amid concerns over soaring costs.