After closing at less than $200 for the first three days of the week, Cerebras Systems (NASDAQ: CBRS) stock is poised to end today's trading session back above the $200 level. The company announced two developments today, providing investors with ample reason to click the buy ******* on on the artificial intelligence (AI) stock.
As of 1: 50 p.m. ET, shares of Cerebras are up 11%, retreating from an earlier rise of 12.5%.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »
Planning rapid capacity expansion in France and Scandinavia, Cerebras announced today that it will bring European data center capacity online before the end of 2026. Moreover, Cerebras is targeting an expansion of its total capacity to 200 megawatts by the end of 2027. According to the company, "The expansion will bring Cerebras' high-speed AI inference infrastructure closer to European users, helping deliver faster response times for increasingly complex AI workloads."
The other auspicious news today stems from the company's reporting of an increase in its domestic manufacturing capacity of the CS-3 chip, resulting from a collaboration with Flex, a provider of manufacturing and supply chain solutions. Cerebras estimates that expanding manufacturing capacity at Flex's California facility will increase CS-3 production capacity by approximately 7 times by 2026, thanks to new production lines, expanded floor ******* e, and advanced test infrastructure.
As of 1: 50 p.m. ET, shares of Cerebras are up 11%, retreating from an earlier rise of 12.5%.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »
Planning rapid capacity expansion in France and Scandinavia, Cerebras announced today that it will bring European data center capacity online before the end of 2026. Moreover, Cerebras is targeting an expansion of its total capacity to 200 megawatts by the end of 2027. According to the company, "The expansion will bring Cerebras' high-speed AI inference infrastructure closer to European users, helping deliver faster response times for increasingly complex AI workloads."
The other auspicious news today stems from the company's reporting of an increase in its domestic manufacturing capacity of the CS-3 chip, resulting from a collaboration with Flex, a provider of manufacturing and supply chain solutions. Cerebras estimates that expanding manufacturing capacity at Flex's California facility will increase CS-3 production capacity by approximately 7 times by 2026, thanks to new production lines, expanded floor ******* e, and advanced test infrastructure.
2 months ago
