Cerebras Stock Surges After OpenAI CEO Calls Chipmaker a ‘Close Partner'
Cerebras shares are on the rise after a show of support from OpenAI CEO Sam Altman.
CBRS - Cerebras Systems Inc.
Price:
--
--
|
CONSENSUS:
Buy
DETAILS
|
PRICE TARGET:
$300.50
DETAILS
HIGH:
$330.00
LOW:
$279.00
MEDIAN:
$300.00
CONSENSUS:
$300.50
UPSIDE:
71.67%
Stock News
Cerebras shares rise after OpenAI's Altman calls chipmaker a “close partner”
Cerebras Systems Inc (NASDAQ:CBRS) shares rose 11% in early morning trade on Monday after OpenAI chief executive Sam Altman reaffirmed the artificial intelligence (AI) chipmaker's importance to the AI company's infrastructure strategy. Altman described Cerebras as a “close partner” of OpenAI and said the companies have “a deep engagement pushing on the frontiers of speed”, addressing recent speculation about the relationship between the two companies.
Cerebras Stock Surges After Altman Calls Them "Close Partner"
Cerebras Systems Inc. (NASDAQ:CBRS) shares are soaring Monday after a social media post from OpenAI CEO Sam Altman appeared to boost investor sentiment.
Cerebras Systems (NASDAQ:CBRS) Stock Jumps 8.8% After Analyst Upgrade
Shares of Cerebras Systems Inc. (NASDAQ: CBRS - Get Free Report) shot up 8.8% during trading on Monday after Jefferies Financial Group upgraded the stock to an outperform rating. The stock traded as high as $184.79 and last traded at $181.0320. 4,795,897 shares traded hands during trading, a decline of 33% from the average session volume
Cerebras Vs. Nvidia Is Becoming an Inference Fight, Not a Chip Fight
The next big AI chip battle may not be about who trains the biggest model. It could be about who can make AI respond fastest once the model is already built.
Why is Cerebras stock rising on Monday? Sam Altman holds the clue
Cerebras Systems stock CBRS climbed about 6% in premarket trading Monday, recovering some of last week's losses after OpenAI CEO Sam Altman sought to reassure investors that the AI chipmaker remains a “close partner” of the artificial intelligence company. The rebound followed a sharp selloff last week, when Cerebras shares plunged 20% to their lowest level after reports said OpenAI would use Nvidia graphics processing units to power the “Ultrafast” mode of its GPT-6.1 Sol model rather than Cerebras chips.
Cerebras Systems' Tough 2026 Continues: It'll Double Soon According to One of The Biggest Global Banks
Cerebras stock cratered to a post-IPO low while rivals like NVIDIA and AMD surged, yet one of the world's largest banks just doubled down with a price target that implies the market is deeply, fundamentally wrong about this AI chip
Cerebras Stock Is Rebounding. Thank OpenAI's Sam Altman.
Cerebras stock was rising on Monday following comments by OpenAI CEO Sam Altman.
Cerebras Systems vs. Innodata: Which AI Infrastructure Stock Is a Better Buy in 2026?
Cerebras Systems specializes in massive wafer-scale AI chips designed to handle the heavy computational demands of large language models. Innodata provides the data engineering and human-in-the-loop expertise required to train and evaluate generative AI systems.
Cerebras stock hits post-IPO low, tumbling 20% for the week on Nvidia pressure and lockup expiration
Cerebras is down about 50% from its opening price that followed its market debut in May. The company lost a key inference workload for OpenAI's "Ultrafast" mode for the GPT-6.1 Sol AI model to chip giant Nvidia.
Here Are Friday’s Top Wall Street Analyst Research Calls: Abbott Laboratories, Airbnb, Cerebras Systems, Coinbase Global, Edison International, Northrop Grumman, Pershing Square, Robinhood Markets, and More
Stocks clawed back from a wild Thursday session, oil surged past $100, and Wall Street analysts reshuffled their bets on names from Airbnb to Northrop Grumman. Find out which stocks got upgraded, downgraded, or newly covered heading into the first Friday of Q4 2026.
Cerebras Systems (NASDAQ:CBRS) Shares Gap Down After Insider Selling
Shares of Cerebras Systems Inc. (NASDAQ: CBRS - Get Free Report) gapped down before the market opened on Wednesday following insider selling activity. The stock had previously closed at $194.95, but opened at $183.69. Cerebras Systems shares last traded at $183.2650, with a volume of 4,003,977 shares traded. Specifically, CAO Yagnesh Patel sold 1,320 shares of
Cerebras Slipped Below Its IPO Price Just as Insiders Filed to Sell
Cerebras stock slipped below its IPO price on the same day insiders filed to sell and a report surfaced questioning whether its anchor customer moved its fastest model to rival hardware.
Cerebras Systems (NASDAQ:CBRS) CFO Robert Patrick Jr. Komin Sells 32,500 Shares of Stock
Cerebras Systems Inc. (NASDAQ: CBRS - Get Free Report) CFO Robert Patrick Jr. Komin sold 32,500 shares of the business's stock in a transaction dated Tuesday, September 29th. The shares were sold at an average price of $203.53, for a total transaction of $6,614,725.00. Following the completion of the sale, the chief financial officer directly owned
Cerebras Systems (NASDAQ:CBRS) COO Dhiraj Mallick Sells 396,000 Shares of Stock
Cerebras Systems Inc. (NASDAQ: CBRS - Get Free Report) COO Dhiraj Mallick sold 396,000 shares of Cerebras Systems stock in a transaction that occurred on Tuesday, September 29th. The stock was sold at an average price of $204.04, for a total value of $80,799,840.00. Following the sale, the chief operating officer directly owned 396,000 shares in
Cerebras Systems (NASDAQ:CBRS) CAO Yagnesh Patel Sells 1,320 Shares of Company Stock
Cerebras Systems Inc. (NASDAQ: CBRS - Get Free Report) CAO Yagnesh Patel sold 1,320 shares of Cerebras Systems stock in a transaction that occurred on Monday, September 28th. The shares were sold at an average price of $204.50, for a total transaction of $269,940.00. Following the transaction, the chief accounting officer owned 15,356 shares of the
Cerebras CFO exits stake under trading plan
What happened Cerebras Systems Inc. (NASDAQ: CBRS) Chief Financial Officer Robert Patrick Komin Jr. sold 32,500 shares on 2026-09-29. The Form 4 shows a price range of $194.92 to $211.79 per share and total proceeds of about $6.61 million. Table I lists 16 sale lines for Class A Common Stock on the same day. The
Cerebras Stock Falls Again Because So Much Depends on OpenAI
The stock has fallen sharply from the highs reached after its initial public offering and OpenAI could contribute to a further fall.
Donald Trump, Cathie Wood Bet on the Same 32 Stocks – Some Might Surprise You
President Donald Trump has disclosed over 20,000 stock trades made over the past 12 months. The trades, which the White House says Trump has no knowledge of, span a wide range of sectors and dollar amounts.
Cerebras Systems vs. Nebius: What Revenue Growth Trends Reveal to Investors About These Artificial Intelligence Companies
Nebius currently exhibits a larger overall revenue profile, as its top-line results initially surpassed and then continued to outpace Cerebras Systems across recent quarterly reporting periods. Over the last eight quarters, Nebius consistently demonstrated steep quarter-over-quarter revenue acceleration, while Cerebras Systems maintained a steady upward trend before experiencing a sequential decline for the quarter ended June 2026.
Price Targets
Cerebras Systems price target raised to $279 from $273 at Morgan Stanley
$279.00
(was $262.06)
Morgan Stanley
Cerebras Systems price target raised to $330 from $320 at UBS
$330.00
(was $262.06)
UBS
Cerebras Systems price target raised to $310 from $300 at Mizuho
$310.00
(was $186.75)
Mizuho Securities
Cerebras Systems price target raised to $280 from $270 at Wedbush
$280.00
(was $196.31)
Wedbush
Rosenblatt Reiterates Buy Rating on Cerebras Systems (CBRS)
$300.00
(was $226.72)
Kevin Cassidy
·
Rosenblatt Securities
Cerebras Systems price target raised to $320 from $300 at UBS
$320.00
(was $226.72)
UBS
Cerebras Systems price target raised to $273 from $250 at Morgan Stanley
$273.00
(was $226.72)
Morgan Stanley
Cerebras Systems initiated with a Buy at Craig-Hallum
$325.00
(was $237.83)
Craig-Hallum
Cerebras Systems initiated with an Outperform at Wedbush
$270.00
(was $201.01)
Wedbush
Cerebras Systems initiated with a Buy at Needham
$300.00
(was $201.01)
Needham
Cerebras Systems initiated with a Buy at UBS
$300.00
(was $201.01)
UBS
Cerebras Systems initiated with an Overweight at Morgan Stanley
$250.00
(was $201.01)
Joseph Moore
·
Morgan Stanley
Cerebras Systems initiated with an Outperform at Mizuho
$300.00
(was $201.01)
Mizuho Securities
Cerebras Systems initiated with an Overweight at Barclays
$280.00
(was $201.01)
Tom O'Malley
·
Barclays