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CBCBRS

Cerebras Systems Inc.

$CBRS·$49B·Semiconductors·Technology
$178.90-2.8%1Y-40.8%
Mentions · last 7 days
2026-07-09: 416 posts2026-07-10: 351 posts2026-07-11: 110 posts2026-07-12: 183 posts2026-07-13: 150 posts2026-07-14: 146 posts2026-07-15: 159 posts1,524+10%
Price updated 14m ago·X counts updated 21h ago
CBCBRS
$CBRSCerebras Systems Inc.
$178.90-2.78%1.5k posts+10%
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 hypeWinding up for a moveAI verdict · as of 2026-07-15

Trading in a tight range and building pressure — a move looks likely soon, but the direction isn't clear yet.

Two-month-old IPO with a $25B backlog claim and a European sovereign-AI capacity plan — the story is huge; execution risk is bigger.

Cerebras Systems is the wafer-scale AI compute company positioned as the non-NVIDIA alternative for AI inference — one giant chip per system rather than thousands of GPUs. It IPO'd in May and has already been on a round trip from $386 to $180 back toward $200.

Why the setup is loud on both sides:

  • Revenue is genuinely exploding off a small base: Q4 revenue grew 110% year-over-year to $171M — real acceleration, and the $25B disclosed order backlog CEO Feldman gave on the All-In podcast implies a multi-year revenue ramp that no other AI-hardware startup has publicly claimed.
  • The European sovereign-AI plan is a specific structural bet: 200MW of AI compute across France, Norway and Finland by end of 2027 positions CBRS as the go-to non-NVIDIA sovereign infrastructure provider — a real moat if delivery lands on schedule, a large impairment if it doesn't.
  • The insider and market plumbing is still resolving: officer Mallick sold $2.1M on July 1 alongside a Benchmark Capital position conversion — post-IPO lockup expiries and insider distribution are the specific event to price into any near-term technical move, and are why the stock is trading with wide ranges.

Aug 11 earnings is the first real test as a public company: a beat on the $25B-backlog conversion narrative combined with any additional sovereign-AI capacity commitment would push shares back toward the UBS $320 target, while a soft revenue print or a delay in the European build-out combined with the Pomerantz law-firm investigation opens the door back to the recent $180 lows.

Agrees with X sentimentAgree with the bullish structural read — the $25B backlog, the European 200MW plan, and Feldman's inference-speed messaging are all real and consistent with the 110% Q4 revenue growth. The caution about chasing post-IPO volatility is the fair counter and shouldn't be dismissed.

What to watch: Aug 11 earnings and any European site announcement: revenue conversion of the $25B backlog, gross margin, and sovereign-AI capacity commitments. A soft revenue print combined with a European build-out delay reopens $180 downside.

On the calendar: 2026-08-11 — Q2 2026 earnings

recent ipo

X sentiment

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

Bullish sentiment64 posts analyzed · as of 2026-07-15

Cerebras chatter is heavily bullish. UBS maintained Buy with a $320 price target, CEO Andrew Feldman disclosed a $25B order backlog on the All-In pod, and the company announced plans to deploy 200MW of AI compute across France, Norway and Finland by end of 2027 alongside an expanded U.S. CS-3 manufacturing partnership with Flex. Bulls emphasize the wafer-scale differentiation (4T transistors, 900k cores) and viral '7 seconds vs 8 minutes' inference-speed demos. Developer-activity trackers show growth accelerating across every window. There is a lighter bearish thread pointing to CBRS being crowded and expensive at current prices, plus a technical view that the CBRS IPO topped $NVDA earlier this year, but the balance of posts is decidedly long-side.

Read the AI verdict + X sentiment for $CBRS

  • One-line verdict on what's driving the move — fundamentals, momentum, both, or an event
  • Next dated catalyst when there is one (earnings, deal closing, activist clock)
  • X crowd read with bullish/bearish call + post volume
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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

No material change from last week — structural AI capex engine unchanged: hyperscaler Blackwell allocation stays tight through 2H26 and HBM3e pricing holds as LLM context-window expansion drives 5-8x per-server memory demand uplift.

What this means for $CBRS

Direct beneficiary — Makes wafer-scale AI chips and systems for large language model training and inference, targeting hyperscalers and government customers; primary revenue lines track directly to the AI capex and HBM/compute demand cycle.

Top industry ETF

$SMHVanEck Semiconductor ETF
+60.1%YTD
+103.2%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
Q1 2026Jun 23, 2026$-0.04$-0.16+75.6%
Next earningsTue, Aug 11·consensus EPS $-0.17

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 9 analysts
FYRevenueRangeEPSRangeAnalysts
FY26$861.3M$860.0M – $863.5M-$0.89-$1.00 – -$0.787
FY27$2.8B$2.7B – $2.9B$0.96$0.88 – $1.057
FY28$7.2B$6.9B – $8.0B$4.68$4.44 – $5.029

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.—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 today7.5% 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.β0.005-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.FilingActive offeringA shelf registration (S-3 / S-3ASR / S-1) or prospectus supplement (424B*) was filed in the last 90 days — the company is registered to (or actively) issuing new shares. Dilution risk.

Insider activity

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

Recent transactions

SellJun 30Dhiraj MallickCOO10.0K sh$2.1MSellJun 26Dhiraj MallickCOO20.0K sh$3.5MSellJun 25Dhiraj MallickCOO21.1K sh$3.8M
+ 12 other (8 conversions · 4 others) in window

See when $CBRS insiders are putting their own money in

  • Real-time open-market buys and sells from Form 4 filings
  • Cluster-buy detection when multiple insiders pile in at once
  • 30 / 60 / 180-day windows so you can spot building conviction
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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 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.

3New insider — initial holdingsMay 133
AI summary

Benchmark Capital Management Co. VIII, L.L.C. and Benchmark Capital Partners VIII, L.P. filed Form 3 as a 10%+ owner of Cerebras Systems Inc. (CBRS) effective May 13, 2026, holding shares through multiple preferred series (A–G) all converting to Class B Common Stock at IPO. Benchmark has board representation via its affiliates. Routine post-IPO disclosure for a major pre-IPO venture capital investor; no new shares were acquired in connection with this filing.

+ 24 other (9 3s · 4 13Gs · 2 S-8s · 2 S-1/As) in window

Recent news

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

Nvidia vs Cerebras: Which Is the Better Discount AI Buy Now?fool.com·2d agoINVESTOR ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Cerebras Systems Inc. - CBRSglobenewswire.com·2d ago5 Under the Radar AI Chip Stocks Powering the Data Center Boom247wallst.com·5d agoCerebras Rides the Shift to Faster AI Inference: More Upside Ahead?zacks.com·6d agoCerebras gains UBS confidence boost as European capacity expansion supports OpenAI deployment plansproactiveinvestors.com·6d ago

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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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