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Last updated1 minute ago

CBRS·Cerebras Systems, Inc.

$175.07
-2.03 (-1.15%)
After Hours
High
$177.12
Open
$172.54
Market Cap
39.64B
52W High
$386.34
Low
$171.00
P. Close
$175.07
P/E
166.69
52W Low
$160.81
Fwd P/E
135.74
DailyIQ Est.
$304.07
Inst. Ownership
19.2%
Short Interest
5.66%
Days to Cover
2.2
Technical Score (1D)
14
BEARISH
News Sentiment
55
BULLISH
On Oct 7, Cerebras Systems announced that Gimlet Labs would incorporate its wafer‑scale chips into a new disaggregated inference cloud aimed at ultrafast agentic and real‑time AI workloads. The partnership followed a period of volatility for CBRS, during which market sentiment had been influenced by headlines about its relationship with OpenAI. Despite the recent rebound in investor interest, the stock remained down 15.7 % month‑to‑date and 43.1 % year‑to‑date, indicating that the market had tempered expectations around growth and execution risk. The deal represents a tangible step toward expanding CBRS’s commercial footprint, but the broader market reaction suggests that the impact is moderate rather than transformative. On Oct 6, Jane Street committed $200 million to secure a large portion of Cerebras Systems’ compute chips, limiting availability for other customers such as OpenAI. The purchase effectively reduced CBRS’s potential sales volume and may strain its relationships with key AI developers, representing a confirmed material hit to CBRS’s short‑term revenue prospects.
LOW TARGET
$209 +19.4%
1 analysts
MEAN TARGET
$292 +66.6%
12 analysts
HIGH TARGET
$330 +88.5%
7 analysts
PRICE RANGE
$209.00 - $330.00
SB / B / H / S / SS
4/11/3/1/1
DAILYIQ EST.
$304.07 (+73.7%)
Bought (1Y)
0 shares
$0
Sold (1Y)
1,196,055 shares
$244.7M
Feldman Andrew D.CEO, President
J159 shares2026-10-05
Susan Lior-
J63,056 shares2026-09-30
Susan Lior-
J68,428 shares2026-09-30
Susan Lior-
J1,198,489 shares2026-09-30
Mallick DhirajChief Operating Officer
Conversion276,000 shares2026-09-29
View full insider trading history →

EPS

EstBeatMiss
$-0.17$-0.13$-0.10$-0.06$-0.02Q1'26Q2'26
QtrEstActual+/−
Q2'26$-0.14 - -
Q1'26$-0.15$-0.04+74.0%

Revenue

EstBeatMiss
$190M$197M$204M$211M$218MQ1'26Q2'26
QtrEstActual+/−
Q2'26$215M - -
Q1'26 - $193M -
Full Earnings BreakdownEstimates, actuals, guidance, and historical context
→

Market Data

CBRS Stock Snapshot

BEARISH14/100
$175.47+$0.40 (0.2%)
Market cap
39.64B
P/E ratio
166.7
Day range
$171.00 – $177.12
News sentiment
55/100 · Neutral
Analyst target
$291.64 (+66.2%)
Consensus
Buy · 20 analysts
52-week range+9.1% off low · -54.6% from high
$160.81$386.34
Price $175.47 DailyIQ Est. $304.07

The signals on CBRS lean bearish, and the range position backs that up. Earnings and guidance carry more weight than macro data at this capitalisation.

Sector Rotation

Is money rotating into or out of CBRS's sector?

Cerebras Systems, Inc. sits in the Semiconductors sector, currently ranked 1st of 12 GICS sectors by relative-strength rotation score (weakening). Within its narrower Semiconductors industry group, CBRS ranks 1st of 15 tracked industries, weakening.

Sector rank
#1 of 12
Sector state
Weakening
Sector rotation score
91
Industry rank
#1 of 15

Options Market

What is the options market pricing for CBRS?

CallsPuts

For Cerebras Systems, Inc.'s nearest expiry (2026-10-09, 2 days out), open interest is call-heavy, a bullish tilt (put/call ratio of 0.64), with at-the-money implied volatility around 61.6%. The options market is pricing roughly a ±4.8% move by that expiry — a range of about $167.88–$184.65.

Put/call ratio (2026-10-09)
0.64
ATM implied volatility
61.6%
Total open interest
31,896
Expected move by 2026-10-09
±4.8% ($167.88–$184.65)

Analyst Rating Changes

Are analysts turning bullish or bearish on CBRS?

Freedom Capital Markets most recently upgraded Cerebras Systems, Inc. to Buy on Oct 2, 2026 with a price target of $209. Over the last 90 days, coverage has run 1 upgrade against 0 downgrades, a net bullish lean.

Latest action
Freedom Capital Markets — Buy
90-day upgrades
1
90-day downgrades
0
Net rating momentum
+1
DateFirmActionRatingPrice target
Oct 2, 2026Freedom Capital MarketsUpgradeHold → Buy$209
Sep 14, 2026Freedom Capital MarketsMaintainedHold$209
Aug 19, 2026RosenblattMaintainedBuy$300
Aug 19, 2026NeedhamReiteratedBuy$300
Aug 13, 2026UBSMaintainedBuy$320 → $330
Aug 13, 2026CitigroupMaintainedBuy$340 → $320
Aug 13, 2026WedbushMaintainedOutperform$280 → $290
Aug 13, 2026MizuhoMaintainedOutperform$310 → $300
Aug 13, 2026RosenblattMaintainedBuy$300
Aug 13, 2026Morgan StanleyMaintainedOverweight$273 → $279
Aug 13, 2026NeedhamReiteratedBuy$300
Jul 27, 2026MizuhoMaintainedOutperform$300 → $310

Held by These ETFs

CBRS is a top holding in these ETFs tracked on DailyIQ — bar length shows portfolio weight.

News Sentiment Analysis

Sentiment gathered from recent headlines

55/100
Strong NegativeNeutralStrong Positive
MODERATELY BULLISH

Recent News Coverage

Most recent articles, ranked by recency (click to expand).

10+ articles
What did this article say?
Cerebras (CBRS) announced a warrant issuance covering up to 33.45 million Class N shares at a nominal exercise price of $0.00001. The move was highlighted during the company’s recent earnings call, where CFO Bob Komin discussed the firm’s capacity‑demand imbalance for fast inference workloads. The warrant package is intended to provide liquidity and support future growth, but it also signals a need to manage share supply amid rising demand. No immediate impact on earnings guidance was disclosed, and the announcement is viewed as a routine capital‑raising activity rather than a catalyst for significant stock movement.
What did this article say?
Cerebras Systems (CBRS) announced that Gimlet Labs will incorporate its wafer‑scale chips into a new disaggregated inference cloud aimed at ultrafast agentic and real‑time AI workloads. The partnership follows a period of volatility for CBRS, during which market sentiment had been influenced by headlines about its relationship with OpenAI. Despite the recent rebound in investor interest, the stock remained down 15.7% over the past month and 43.1% year‑to‑date, indicating that the market has tempered expectations around growth and execution risk. The deal represents a tangible step toward expanding CBRS’s commercial footprint, but the broader market reaction suggests that the impact is moderate rather than transformative.
What did this article say?
Jane Street, a leading quantitative trading firm, invested $200 million to secure a large portion of Cerebras Systems’ (CBRS) compute chips. The purchase limited the availability of the chips for other customers, notably OpenAI, which had planned to use them for its newest models. The deal effectively reduced CBRS’s potential sales volume and may strain its relationships with key AI developers. The transaction underscores the competitive pressure CBRS faces from high‑profile buyers. The move is a confirmed, material negative for CBRS’s short‑term revenue prospects.
What did this article say?
Cerebras (CBRS) shares climbed 9% on Monday after OpenAI CEO Sam Altman praised the company as a "close partner" on X. Altman’s comment followed discussions about OpenAI’s GPT‑5.6 Sol running on Cerebras chips and its use by the quant trading firm Jane Street. The endorsement came after the company had faced earnings and guidance disappointment in mid‑August, providing a timely boost to investor sentiment. The partnership signals continued demand for Cerebras’ large‑scale AI chips in the competitive AI hardware market dominated by Nvidia.
What did this article say?
The article discusses the shift from training to inference in AI, highlighting that inference-focused chipmakers such as Cerebras, Groq, Positron, d‑Matrix and Tenstorrent are becoming the primary value drivers. It notes that the infrastructure behind AI applications is quietly expanding, while the application layer continues to cycle through winners and losers. The piece emphasizes that investors are increasingly focusing on the underlying hardware that powers AI models rather than the apps themselves.
What did this article say?
Sam Altman, CEO of OpenAI, publicly referred to Cerebras as a close partner, which triggered a significant rally in the company's stock. The endorsement reinforced market confidence in Cerebras’ role within OpenAI’s infrastructure strategy. The rally reflected a broader bullish sentiment toward the chipmaker for the remainder of 2026.
What did this article say?
OpenAI CEO Sam Altman’s public support for Cerebras led to a sharp increase in the chipmaker’s shares. The endorsement highlighted Cerebras’ importance to OpenAI’s AI infrastructure. The stock rise reflected renewed investor optimism about the company’s strategic partnership with OpenAI.
What did this article say?
Cerebras Systems Inc shares rose 11% after OpenAI CEO Sam Altman reaffirmed the chipmaker’s importance to the AI company’s infrastructure strategy. Altman described Cerebras as a close partner, emphasizing the deep engagement in advancing AI speed. The announcement contributed to a significant early‑morning trade rally for the company.
What did this article say?
Cerebras Systems received a cautious buy recommendation following a valuation reset that improved its financial outlook. Analysts highlighted a broader customer base and stronger recurring revenue potential as key factors. The upgrade signals confidence in the company’s growth trajectory, though it remains a conservative stance. This development may influence investor sentiment and trading activity for the stock.

Technical Analysis

Real-time indicators across multiple timeframes

14
BEARISH
Technical indicators reflect the latest computed signal mix for this timeframe.
Unlock full technicals
Create a free account to access more indicators and deeper timeframe data.
Institutional & Hedge Fund Ownership
25 tracked managers · $9.49B combined position · 0 adding, 0 trimming, 25 unchanged (latest 13F filings)
ManagerTrendShares Held% of Co.Position ValueFiled
FMR LLC (Fidelity)• Hold8,435,0953.73%$1.86B2026-08-13
Coatue Management LLC• Hold7,011,0283.10%$1.55B2026-08-14
Susquehanna International Group, LLP• Hold4,698,0182.08%$1.04B2026-08-14
Capital World Investors• Hold3,894,4581.72%$860.68M2026-08-12
Morgan Stanley• Hold3,224,2091.42%$712.55M2026-08-13
JPMorgan Chase & Co• Hold3,288,8061.45%$710.91M2026-08-12
Citadel Advisors LLC• Hold3,114,6701.38%$688.34M2026-09-02
Tiger Global Management LLC• Hold2,999,0001.32%$662.78M2026-08-14
Balyasny Asset Management L.P.• Hold1,120,3560.49%$247.60M2026-08-14
Capital Research Global Investors• Hold883,0000.39%$195.14M2026-08-12
Wellington Management Group LLP• Hold881,6880.39%$194.85M2026-08-14
Davidson Kempner Capital Management LP• Hold739,2180.33%$163.37M2026-08-14
Geode Capital Management, LLC• Hold399,6950.18%$88.38M2026-08-12
ExodusPoint Capital Management, LP• Hold382,2730.17%$84.46M2026-08-14
Millennium Management LLC• Hold279,8170.12%$61.84M2026-08-14
D. E. Shaw & Co., Inc.• Hold220,3500.10%$48.70M2026-08-14
Blackstone Inc.• Hold220,0000.10%$48.62M2026-08-14
Invesco Ltd.• Hold211,2680.09%$46.69M2026-08-14
Verition Fund Management LLC• Hold175,0000.08%$38.67M2026-08-14
Suvretta Capital Management, LLC• Hold171,9000.08%$37.99M2026-08-14
D1 Capital Partners L.P.• Hold150,0000.07%$33.15M2026-08-14
Soros Fund Management LLC• Hold150,0000.07%$33.15M2026-08-14
Goldman Sachs Group Inc• Hold145,4410.06%$32.14M2026-08-14
Point72 Asset Management, L.P.• Hold129,8910.06%$28.71M2026-08-14
Artisan Partners Limited Partnership• Hold108,2170.05%$23.92M2026-08-13
Q2 2026 flow:39.74M sh bought ($8.77B)0 sh sold ($0)net +39.74M sh (+$8.77B)
View full institutional holdings history →

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