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via finance.yahoo.comTech & AI

Cerebras Stocks Jump 11.70% After Raising Outlook and Confirming Microsoft Cloud Deal

FROM THE WIRE · FINANCE.YAHOO.COM

This article first appeared on GuruFocus. Cerebras Systems (NASDAQ:CBRS) shares jumped 11.70% to $109.19 as of 9:53 a.m. ET in Friday's regular session on November 13, after CEO Andrew Feldman confirmed a cloud computing agreement with Microsoft on Thursday's earnings call.…

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MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bullishConfirmed cloud deal with Microsoft and strong revenue growth are driving Cerebras shares higher.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01Cerebras shares jumped 11.70% to $109.19.
  2. 02GAAP revenue rose 55% to $210.8 million in the quarter.
  3. 03Remaining performance obligations reached $26.1 billion.
NEWS IMPACT AND MARKET REACTIONChange from the reference price
Cerebras Systems Inc.CBRSStock109.58 USD+0.90%today +12.10%Positive Microsoft CorporationMSFTStock524.61 USD-0.02%today +0.31%Neutral
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets

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