All articles tagged with #cbrs
Ark Invest bought 93,290 Cerebras Systems shares (~$17.2M) and sold 7,600 AMD shares (~$3.5M), signaling a tilt toward Cerebras’ AI-inference chips as the company unveils its CS-4 system with high-throughput claims and potential Meta as a customer, while Cerebras remains IPO-era risky but with a bullish price target around $296.
Cerebras Systems (CBRS) posted Q2 revenue of $180.1M, up 74% year over year, but hardware sales slipped to $54.1M amid lumpy demand and data-center space constraints while its cloud-services revenue jumped to $126M. The company swung to a net loss of $450.5M largely due to $386.6M in stock-based compensation. Cerebras raised its 2026 core revenue guidance to $214–216M and now sees full-year revenue of $880–890M, with a plan to more than triple revenue in 2027 as production scales; the market reacted with about a 15% after-hours drop as investors weigh the mix of cloud momentum against hardware headwinds, and the company continues to push against Nvidia with partnerships and OpenAI integration for its Wafer-Scale Engine.
Cerebras Systems raised its full-year core revenue guidance to $880–$890 million after reporting Q2 results of $180 million in total revenue ($210 million core, including pass-through), with a net loss of $450.5 million largely due to stock-compensation. The company projects Q3 core revenue of $214–$216 million and gross margins of 38–40%, citing strong demand for fast-inference AI chips. CEO Andrew Feldman said AI demand is 'through the roof' and highlighted a path to growth through scale, better pricing, and manufacturing efficiency. Cerebras also disclosed a partnership with AMD and OpenAI’s GPT-5.6 Sol, plus $126 million in cloud revenue for the quarter; the stock fell about 14% in extended trading after the results.
Cerebras Systems (CBRS) stock fell more than 5% in premarket trading on its second day of trading after an IPO that priced at $185 and opened at $350, an 89% jump from the offering price, as investors weigh demand for AI hardware.
ARK Innovation ETF (ARKK) and ARK Next Generation Internet ETF (ARKW) bought 105,616 Cerebras Systems shares after its IPO debut, signaling renewed investor enthusiasm for AI chipmakers.