2026-11-13 12:01:40
Cerebras Stock Jumps 17% on Microsoft Deal and $26.1B Backlog, Challenging Nvidia
According to Cerebras' November 12 earnings release, CBRS shares surged 17% in extended trading after the company announced a Microsoft cloud agreement, raised its 2026 revenue guidance, and disclosed $26.1 billion in remaining performance obligations. Third-quarter core revenue reached $230.9 milli