Cerebras builds giant AI chips the size of a dinner plate (Wafer-Scale Engine) that plug into data centers, aiming to beat Nvidia's GPUs on speed for training and running AI models.
Revenue hit USD 0.51B in 2025, up from USD 0.29B in 2024, with gross margin around 40%. The business still loses money on operations (operating loss of USD 0.15B in 2025), though a one-off gain flipped net income positive.
The wafer-scale chip design is a genuine technical edge that Nvidia, AMD, and Intel haven't replicated, giving Cerebras a unique performance niche. But the moat is eroding as Nvidia's CUDA ecosystem and AMD's MI-series gain traction, plus hyperscalers like Goo
Sell (sector percentile 5) — value D-, growth B, profitability D, momentum F, revisions B. Updated daily, sector-relative, identical for every user.
Key events, in time order
Chase Coleman's Tiger Global initiated CBRS position, signaling institutional confidence
New chip targets inference speed; analysts reiterate Buy, seen as key post-IPO product
Wedbush notes CBRS as exclusive compute backbone for OpenAI GPT-5.6 Sol Ultrafast, with 750MW capacity deal
Prominent hedge fund Gavin Baker builds large position, showing institutional confidence
CEO cites enormous demand for AMD partnership product, potentially bolstering growth.
Multiple sources confirm mixed Q2 results: revenue miss, cloud revenue up 287%, full-year guidance raised.
核心毛利率为40.6%，同比提高约940个基点；核心运营利润率从去年同期的负42%改善至负16%。
核心毛利率为40.6%，同比提高约940个基点；核心运营利润率从去年同期的负42%改善至负16%。
Wedbush sees AMD deal combining WSE with Helios, and Supernova may launch WSE-4, boosting performance and pricing power.
Multiple independent sources confirm earnings date, with notable call sweeps indicating heightened interest
Partnership leverages Cerebras' fastest inference platform to enhance Lovable's software creation
Partnership details confirmed by multiple sources, including performance gains and market impact
Cerebras inference to power Falcon AI detection and response, accelerating real-time threat detection.
Company to release Q2 results after market close on August 12.
Trading signal and price move corroborate, but no new fundamental facts
Q1 2026 core revenue of $191.3 million, up 92% year-over-year, with core cloud and services revenue of $79.8 million up 167% YoY
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The discussion around $CBRS is that it's an IPO that has received little attention, contrasting with others that have garnered significant focus.
Main discussion
It's the IPO's nobody is talking about that rip $LIFE Meanwhile, ones that get all the attention meander $CBRS $SPCX
A company that is still barely discussed on X, but is sitting at a very attractive level right now around $188, is $SANM Sanmina. I want you to read my thesis below and tell me what you think. The thing I like about Sanmina is how much the business has changed over the past year.
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Facts and opinions separated · All items sourced · Not investment advice
