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Cerebras lifts annual sales forecast on strong AI-linked demand, shares surge

The Sunnyvale company lifted 2026 adjusted revenue guidance to $940 million to $960 million after third-quarter sales beat estimates.

Nov 12 : Cerebras Systems raised its annual revenue forecast on Thursday, buoyed by surging demand for AI computing capacity as it battles Nvidia and cloud giants, sending its shares nearly 18 per cent higher in extended trading.The AI boom has spurred demand for chips used to train models and power inference

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Cerebras reported an annual increase of 55% in its quarterly revenues and raised its forecast to 2026, while AI’s demand for infrastructure and agreements with cloud providers fueled its expansion plans. However, the company also recorded a higher net loss than a year earlier.

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CNBC broke the news in Englewood Cliffs, United States on Thursday, November 12, 2026.
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