Today: 29 June 2026
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NASDAQ:CERE 8 June 2026 - 23 June 2026

Cerebras (NASDAQ:CBRS) heads into tighter margin territory post-Q1 beat as AI cloud shifts

Cerebras (NASDAQ:CBRS) heads into tighter margin territory post-Q1 beat as AI cloud shifts

• Cerebras posted first-quarter revenue of $193.4 million, jumping 94%. Cloud and other services brought in 178% more than a year ago.• The company projected core gross margin in the second quarter at 36% to 38%, well under the 46.5% it reported for the first quarter.• Shares last traded at $226.72, up 1.1%. The stock moved in a range of $210.11 to $236.99. Cerebras Systems’ first earnings as a public company showed strong growth, but investors zeroed in on the second-quarter margin outlook from management, further down the release.
Cerebras set for first public earnings after stock rebounds in holiday week

Cerebras set for first public earnings after stock rebounds in holiday week

Cerebras Systems Inc. goes into its first earnings as a public company with shares back over $230 after a big move higher Thursday. The stock still trades well under where it opened on Nasdaq debut. The market is closed for the weekend following the Juneteenth holiday, giving investors a break until trading starts again next week. Nasdaq says June 19, 2026, will be a day off for Juneteenth and keeps its standard U.S. stock market hours Monday to Friday, 9:30 a.m. to 4 p.m. Eastern.
Cerebras shares jump as Wall Street eyes AI chipmaker’s Nvidia bid

Cerebras shares jump as Wall Street eyes AI chipmaker’s Nvidia bid

Cerebras Systems Inc. shares surged roughly 20% Monday as the AI chipmaker drew interest in early coverage from Wall Street firms. The stock was last seen at $241.44 at 1:47 p.m. EDT, up from a prior close near $201.01. It earlier hit an intraday high at $247.75. Cerebras' rally stands out since the company is getting valued as more than just another chip IPO. Investors are watching it as a test of appetite for “inference,” which means running an AI model to generate things like answers or code after training. That’s where many see the next phase of AI spending going.

Stock Market Today

  • FTSE 100 slips as homebuilders weigh, oil rises
    June 29, 2026, 1:28 PM EDT. The FTSE 100 ended Monday down 0.2% at 10,484.22 as housebuilders and Babcock International slid after the Bank of England reported weak UK mortgage approvals. Brent crude climbed to $72.85 a barrel after fresh US-Iran tensions. Sterling firmed, with Andy Burnham's leadership pitch stressing fiscal discipline, which seemed to calm worries over UK borrowing. European shares edged a bit lower. In contrast, US stocks rose, the S&P 500 up 0.6%. UK mortgage borrowing for May tumbled to £2.9 billion, the lowest in almost two years. US Treasury yields nudged higher. Markets are watching for progress on the oil ceasefire and for news on cabinet jobs in the UK.
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