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CBCBRS

Cerebras Systems Inc.

$CBRS·$51B·Semiconductors·Technology
$184.24+2.9%1Y-40.8%
Mentions · last 7 days
2026-08-22: 32 posts2026-08-23: 47 posts2026-08-24: 118 posts1,123+3%
Price updated 8h ago·X counts updated 7d ago
CBCBRS
$CBRSCerebras Systems Inc.
$184.24+2.88%1.1k posts+3%
AI analysisFundamentalsVoices on X
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AI verdict & sentimentAI analysisGenerated by AI from underlying data

Top X posts

Today's AI verdict on what's driving $CBRS, plus how loud the X conversation is and which way it's leaning.

AI analysis

TickerTalks’ read on the fundamentals and what’s driving the move.

Driven by hypeCooling offAI verdict · as of 2026-08-30

Catching its breath after a run — could pick back up or fade from here.

The backlog says AI-chip franchise; the tape says OpenAI-competitor overhang.

Cerebras Systems is the AI-inference chip designer that shipped its IPO with a $25.4B disclosed backlog anchored by a $20B OpenAI contract. The stock is down 42% over twelve months and near 52-week lows, so the market has already priced in a large chunk of the OpenAI-competition worry — even as institutional buyers add.

  • The revenue curve is very real: quarterly revenue stepped from $100M to $103M to $136M to $171M across the last four quarters, gross margin sits in the low 40s with a path management describes toward 60%, and full-year revenue analyst consensus is $861M — a 103% core-revenue growth pace off an already-substantial base.
  • The capital picture is stronger than the tape suggests: $7.9B in cash 'fully funded' the ramp, and Cathie Wood's ~$13M buy plus Fidelity making CBRS its highest-allocation new position anchor a real institutional case — those are informed buyers stepping into a name near lows, not chasers.
  • The bear case is specifically shaped: OpenAI's Jalapeño chip development, lock-up expiration overhang from the IPO, and hyped-earnings-then-crushed sentiment are what have kept CBRS pinned — analysts still model a $0.89 full-year EPS loss, so profitability isn't the near-term unlock, execution on the backlog is.

A Nov 12 print that shows revenue crossing $200M with gross margin drifting toward 50% and any commentary on the $20B OpenAI contract cadence takes the OpenAI-competitor overhang off the tape; another 2 million-quarter with lock-up-expiration selling in the mix is what turns cooling into a fresh new low.

What to watch: The Nov 12 print — revenue trajectory, gross margin path, and any $20B OpenAI contract cadence commentary. A soft revenue print combined with lock-up expiration selling is the setup for a real new low.

On the calendar: 2026-11-12 — Q3 earnings

X sentiment

What the X crowd is saying right now — descriptive, summarised from the day’s posts.

Mixed sentiment107 posts analyzed · as of 2026-08-31

The Cerebras conversation is deeply split. Bulls anchor to the $25B backlog, the $20B OpenAI contract, 103% revenue growth, and wafer-scale inference as an unmatched moat, with several calling it their highest-conviction name. Bears point to a 25% weekly drop toward 52-week lows, the CEO's $47M disposal, and fear that OpenAI's Jalapeno chip and Broadcom encroach on the story. Several bulls dismiss the Jalapeno-is-bearish take as fake news; extreme volatility is the one point of agreement.

Read the AI verdict + X sentiment for $CBRS

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What it does

Plain-English summary of the business — what they sell and how they make money.

Makes wafer-scale AI chips and systems for large language model training and inference, targeting hyperscalers and government customers.

Industry overviewAI analysisGenerated by AI from underlying data

Where Semiconductors sits in its cycle right now — and what that implies for $CBRS.

Semiconductors · Technology

Hyperscaler AI capex keeps Blackwell allocation tight and HBM3e pricing firm; NVDA's data-center backlog and AVGO's networking wins confirm the cycle is not peaking. LLM context-window expansion — the structural demand pull — extends through at least 2H26.

What this means for $CBRS

Direct beneficiary — semiconductor products are directly in the AI capex supply chain; Cerebras Systems Inc.

Top industry ETF

$SMHVanEck Semiconductor ETF
+56.0%YTD
+94.3%1Y

Fundamentals & catalyst

Profitability, valuation, and the next earnings event — at a glance, with rule-of-thumb signals.

Key ratios

P/E
181.9How much investors are paying per dollar of profit the company actually earned in the last 12 months. Lower means the stock looks cheaper relative to earnings.~15–25 is typical for the S&P 500; high-growth names trade 30+; hyper-growth or speculative can be 100+ or negative.
ROIC
-8.8%What percentage return the business earns on every dollar of capital (equity + debt) deployed in operations. The cleanest measure of business quality.Above ~15% is high-quality; consistently above 25% suggests a real moat. Below the company's cost of capital is value-destroying.
Op margin
-28.6%Operating profit (after sales, marketing, R&D, and overhead but before interest and taxes) as a percentage of revenue. The clearest view of how well the underlying business is run.Mature business above 20% is healthy; software businesses can run 30%+; commodity / retail businesses operate in single digits.
FCF yield
0.0%Free cash flow (operating cash flow minus capex) divided by the company's market cap. The cash-on-cash return you'd get owning the whole business at today's price.Above ~5% is attractive; below ~2% means you're paying up for growth. Capital-light businesses (software) run higher than capital-heavy ones (utilities).
P/S
86.6Same idea as P/E but per dollar of revenue. Useful for companies that aren't profitable yet, where P/E is meaningless.Under ~2 is cheap; software / SaaS often runs 8–15; well above 20 implies the market is pricing in very high future growth.
ROE
123%Net income as a percentage of shareholders' equity. Similar to ROIC but counts only the equity side.Above 20% is strong, but can be inflated by leverage — a heavily indebted company can show high ROE with weak underlying ROIC.
Gross margin
39.0%Revenue minus the direct cost of producing what was sold, as a percentage of revenue. The first read on whether the product is structurally profitable.Software / SaaS is typically 70%+; consumer goods 30–50%; commodity / hardware businesses can be under 20%.
D/E
0.2Total debt divided by shareholders' equity. Measures how much the business runs on borrowed money versus owner capital.Under 1 is conservative; 1–2 is typical for mature businesses; over 2 is leveraged and more sensitive to interest rates.

Past earnings

QuarterReportedActualEstimateSurprise
Q2 2026Aug 12, 2026$-0.04$-0.17+76.7%
Q1 2026Jun 23, 2026$-0.04$-0.16+75.6%
Next earningsThu, Nov 12·consensus EPS $-0.15

Quarterly trend

QuarterRevenueYoYGrossOpEPSFCF
Q4 FY25$171.4M+110.3%41.0%-19.7%$-0.12—
Q3 FY25$135.7M+87.7%40.6%-19.5%$-0.10—
Q2 FY25$103.3M+51.5%31.1%-55.3%$1.44—
Q1 FY25$99.5M+45.9%41.8%-28.6%$-0.11—

Forward consensus

3-year forecast · up to 10 analysts
FYRevenueRangeEPSRangeAnalysts
FY26$861.3M$860.0M – $863.5M-$0.89-$1.00 – -$0.788
FY27$2.8B$2.7B – $2.9B$0.96$0.88 – $1.058
FY28$7.4B$6.3B – $9.7B$5.13$4.45 – $6.4810

Setup & momentum

Volume, range, and moving-average position — the technical setup driving short-term moves.

Right now

Vol vs 30dToday's traded share volume divided by the average over the prior 30 trading days. ≥3× signals unusual interest; below 1× is quiet.0.7×Today's traded share volume divided by the average over the prior 30 trading days. ≥3× signals unusual interest; below 1× is quiet.
52w rangeWhere the latest close sits between the 52-week low (0%) and high (100%). Above 80% is extended; below 30% is basing or in a downtrend.—Where the latest close sits between the 52-week low (0%) and high (100%). Above 80% is extended; below 30% is basing or in a downtrend.
vs 50d MALatest close vs the 50-day simple moving average. Positive = short-term trend is up.-12.6%Latest close vs the 50-day simple moving average. Positive = short-term trend is up.
vs 200d MALatest close vs the 200-day simple moving average. Positive = long-term trend is up.—Latest close vs the 200-day simple moving average. Positive = long-term trend is up.

Float & profile

FloatMid float · 60.9M shFree-float shares — the slice of issued stock actually available to trade. Lower buckets squeeze harder on a catalyst.Traded today8.7% of floatToday's volume as a percent of the free float. Above 5% on a single day is unusually high turnover for the available share count.β1.855-year weekly beta vs the S&P 500. Above 1.5 means the stock typically moves more than the index; below 0.8 moves less.

Insider activity

Recent open-market buys and sells by officers and directors — flagged when multiple insiders cluster.

Recent transactions

SellAug 21Andrew D. FeldmanCEO237.6K sh$47.3MSellAug 21Sean LieCTO16.3K sh$3.4MSellAug 20Sean LieCTO710.2K sh$147.6MSellAug 18Yagnesh PatelChief Accounting Officer4.6K sh$1.0MSellJun 30Dhiraj MallickCOO10.0K sh$2.1MSellJun 26Dhiraj MallickCOO20.0K sh$3.5MSellJun 25Dhiraj MallickCOO21.1K sh$3.8M
+ 36 other (19 conversions · 12 others · 3 exempts · 2 gifts) in window

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  • Real-time open-market buys and sells from Form 4 filings
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SEC filings

Material 8-K, 13D, S-3, and 424B5 events from the last 180 days — the filings that actually move the price.

Recent material filings

SC 13D/AActivist amendmentAug 18SC 13D/A
AI summary

Eclipse Continuity GP I LLC, affiliated with Eclipse Ventures (managed by Lior Susan), filed an amended Schedule 13D (Amendment No. 2) reporting its beneficial ownership stake in Cerebras Systems (CBRS). The triggering event occurred on August 14, 2026. The source of funds is listed as affiliated funds (AF). Eclipse Ventures is a deep-tech focused VC firm with a significant investment in the AI chip startup.

SC 13D/AActivist amendmentJun 26SC 13D/A
AI summary

Eclipse Ventures holds 680,305 Class A shares (approximately 0.3%) of Cerebras Systems as of June 25, 2026. Routine minor update to Eclipse's Schedule 13D for its small position in this high-profile AI chip company; the sub-1% stake reflects a modest early-stage VC position.

SC 13DActivist position (5%+)May 22SC 13D
AI summary

Eclipse Ventures (via Eclipse Continuity GP I, LLC; managing member Lior Susan, a Cerebras board director) filed a Schedule 13D for Cerebras Systems Inc. (CBRS) following the company's IPO on May 15, 2026, disclosing beneficial ownership of 800,358 shares of Class B common stock (0.4% of 219,610,345 total shares outstanding). The Class B shares are convertible into Class A on a one-for-one basis at the holder's option. This is a routine post-IPO beneficial ownership disclosure by a pre-IPO venture investor with board representation, not an activist position given the sub-1% stake.

8-KCharter amendmentMay 158-K — Item 5.03: Charter amendment · Item 8.01: Other event
AI summary

Cerebras Systems Inc. (CBRS) filed its amended and restated certificate of incorporation and bylaws effective May 15, 2026, in connection with the closing of its IPO of Class A Common Stock on the Nasdaq Global Select Market. The amended charter establishes a three-class structure (Class A: 1 vote, Class B: 20 votes, Class N: non-voting), with Class B holders controlling approximately 99.2% of voting power post-IPO. Routine IPO closing filing, though the extreme voting concentration in insider Class B shares is a material governance consideration for new public investors.

424B4Prospectus supplement (offering)May 14424B4
AI summary

Cerebras Systems Inc. (CBRS) priced its IPO at $185.00/share for 30,000,000 shares of Class A Common Stock, raising $5.55 billion gross ($5.42 billion net to company after underwriting discounts), to be listed on Nasdaq as 'CBRS.' Class B shares (20 votes/share) represent approximately 99.2% of voting power post-IPO, leaving public shareholders with minimal governance rights. At $5.55B raised, Cerebras's IPO ranks among the largest AI-related public offerings on record, validating massive investor appetite for wafer-scale AI processor technology.

3New insider — initial holdingsMay 133
AI summary

Foundation Capital Management Co. VIII, L.L.C. filed Form 3 as a 10%+ owner of Cerebras Systems Inc. (CBRS) effective May 13, 2026, in connection with the company's IPO, holding large Class A Common Stock positions through Foundation Capital VIII, L.P. and its Principals Fund across Series A–E preferred stock rounds. All preferred shares converted to Class A at IPO. Routine post-IPO disclosure for a major pre-IPO VC backer; no new shares acquired in connection with this filing.

3New insider — initial holdingsMay 133
AI summary

Steven Vassallo (Director, CBRS) filed Form 3 initial beneficial ownership statement effective May 13, 2026, holding large indirect Class A Common Stock positions through Foundation Capital funds across Series A–E preferred rounds converting at IPO. He is a Foundation Capital partner with board representation. Routine post-IPO director disclosure; no new shares acquired in connection with this filing.

3New insider — initial holdingsMay 133
AI summary

Benchmark AI Infrastructure Management Co., L.L.C. and its affiliated fund entities (Benchmark AI Infrastructure Fund, L.P. and Benchmark AI Infrastructure Fund B, L.P.) filed Form 3 as a 10%+ owner of Cerebras Systems Inc. (CBRS) effective May 13, 2026, holding 2,527,646 Class B Common Stock shares (converted from Series H Preferred Stock). Routine post-IPO disclosure of a pre-IPO VC investor's stake; no new shares acquired in connection with this filing.

+ 36 other (12 13Gs · 10 3s · 2 10-Qs · 2 earnings 8-Ks) in window

Recent news

Latest headlines from major outlets, sourced and timestamped — context for whatever just moved.

CBRS' Global Expansion Boosts Growth Prospects Against NVDA & MSFTzacks.com·4d agoCBRS vs. AMD: Which Stock Leads the AI Infrastructure Boom?zacks.com·5d agoCathie Wood Goes Bargain Hunting: 3 Stocks She Just Boughtfool.com·5d agoCerebras vs. SpaceX: Which 2026 IPO Is the Better AI Stock to Own for the Next 5 Years?fool.com·5d agoCathie Wood Dumps AMD and Adds to This AI Chip Stockgurufocus.com·6d ago

In themes

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TickerTalks is a research tool, not financial advice. We surface social-attention data; we do not make stock recommendations. Past attention is not predictive of future price movements.

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