Cerebras Systems Inc. (CBRS)
Information Technology · AI processor and infrastructure provider · Nasdaq
Cerebras builds the world's fastest AI inference infrastructure powered by wafer-scale processors, enabling hyperscalers and enterprises to run large language models with near-instant responses.
What Cerebras Systems Inc. does
Cerebras Systems designs and sells AI infrastructure based on its proprietary wafer-scale processor technology. The company delivers solutions for AI training and inference through both hardware (on-premises AI supercomputers) and cloud services (Dedicated Capacity, On-Demand offerings, and AI services). Customers include hyperscalers, foundation model labs, AI-native businesses, enterprises, and sovereign AI initiatives seeking to run frontier models and process massive datasets with speed and scale. Revenue comes from hardware sales and cloud/services including support, management, and custom AI modeling services.
Themes: ["AI infrastructure","AI inference acceleration","Large language model serving","Data center AI compute","Cloud AI services"]
Fundamentals
- Price$215.08 as of 2026-07-10 close
- Market cap$59.6B as of 2026-07-12
- 1-year return-30.9% as of 2026-07-10 close
- P/E250.72 as of 2026-07-12
- Net margin+46.6% as of 2026-07-12
- Gross margin+39.0% as of 2026-07-12
- ROE+17.6% as of 2026-07-12
- Debt / equity0.36 as of 2026-07-12
- Revenue growth (YoY)+174.6% as of 2026-07-12
- Beta5.99 as of 2026-07-12
Key risks (from latest filing)
["Intense competition from larger semiconductor and cloud infrastructure providers (NVIDIA, AMD, hyperscalers' custom silicon) may limit market share and pricing power","Customer concentration risk: OpenAI represents a major customer with a 750MW multi-year commitment; loss or delays in this partnership could significantly impact revenue and profitability","Rapid technology evolution in AI hardware and inference optimization could render wafer-scale processor architecture less competitive if alternative approaches (custom ASICs, distributed inference, model compression) become dominant"]
Competitors & peers
- NVIDIA (NVDA)
- Advanced Micro Devices (AMD)
- Google TPU (Alphabet, GOOGL)
- AWS Trainium / Inferentia
- Meta AI infrastructure (Meta, META)
Fundamentals: Finnhub, as of 2026-07-12. Filings: SEC EDGAR. Prices are delayed daily-close data.
Last updated 2026-07-10.
Informational only — NOT financial advice. All figures are delayed daily-close data from SEC EDGAR & Finnhub, shown with their as-of date.