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via finance.yahoo.comMarkets

Cerebras stock jumps 17% as it expects to triple revenue in 2027

FROM THE WIRE · FINANCE.YAHOO.COM

This article first appeared on GuruFocus. Cerebras Systems Inc. (NASDAQ:CBRS), which makes wafer-scale AI chips and runs an AI inference cloud, rose 17.20% in premarket after it reported record third-quarter core revenue of $230.9 million, up 70%, and said it had signed a cloud…

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MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bullishResults above expectations and a new cloud deal explain the strong premarket gain.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01Cerebras reported record core revenue of $230.9 million, up 70%.
  2. 02Revenue came in above analyst consensus of $214.7 million.
  3. 03The company signed a cloud deal with a top-three hyperscaler.
NEWS IMPACT AND MARKET REACTIONChange since the story · reference
Cerebras Systems Inc.CBRSStock97.75 USDMarket closedtoday -3.29%Positive Oracle CorporationORCLStock127.14 USDMarket closedtoday -0.97%Neutral
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets

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