🚀 Cerebras Soars Pre-Market on Raised Outlook and a Microsoft Deal
$CBRS is up roughly 16-19% in Friday's pre-market trading (Benzinga: $116.70) after Q3 results released after Thursday's close. Core revenue hit a record $230.9M, up 70% YoY and above the ~$214.7M estimate, with a surprise adjusted profit of $29.8M vs an expected loss. Cerebras lifted its 2026 core revenue outlook to $940M-$960M (from $880M-$890M) and confirmed $MSFT signed a cloud deal in October. Remaining performance obligations stand at $26.1B.
Why it matters:
• AI compute demand looks intact despite the shock of Jensen Huang's exit as $NVDA CEO (NVDA fell 4%+ Thursday, up ~2% pre-market today).
• Microsoft becomes Cerebras' third hyperscaler customer alongside AWS and Oracle, widening the non-GPU AI chip story.
• Q4 guide of $310M-$330M core revenue implies a sharp acceleration.
What to watch next:
• US open: 09:30 ET / 17:30 Istanbul. Can CBRS hold the gap?
• Market reaction to October PPI (released 08:30 ET / 16:30 Istanbul): +0.3% MoM vs 0.4% expected, 6.5% YoY.
• Fed meeting Dec 9-10, with rate-hike expectations in play.
Not financial advice.
#Cerebras #AIStocks #Nvidia #StockMarket #CBRS
$CBRS is up roughly 16-19% in Friday's pre-market trading (Benzinga: $116.70) after Q3 results released after Thursday's close. Core revenue hit a record $230.9M, up 70% YoY and above the ~$214.7M estimate, with a surprise adjusted profit of $29.8M vs an expected loss. Cerebras lifted its 2026 core revenue outlook to $940M-$960M (from $880M-$890M) and confirmed $MSFT signed a cloud deal in October. Remaining performance obligations stand at $26.1B.
Why it matters:
• AI compute demand looks intact despite the shock of Jensen Huang's exit as $NVDA CEO (NVDA fell 4%+ Thursday, up ~2% pre-market today).
• Microsoft becomes Cerebras' third hyperscaler customer alongside AWS and Oracle, widening the non-GPU AI chip story.
• Q4 guide of $310M-$330M core revenue implies a sharp acceleration.
What to watch next:
• US open: 09:30 ET / 17:30 Istanbul. Can CBRS hold the gap?
• Market reaction to October PPI (released 08:30 ET / 16:30 Istanbul): +0.3% MoM vs 0.4% expected, 6.5% YoY.
• Fed meeting Dec 9-10, with rate-hike expectations in play.
Not financial advice.
#Cerebras #AIStocks #Nvidia #StockMarket #CBRS