{"id":821574,"date":"2026-07-23T20:41:10","date_gmt":"2026-07-23T20:41:10","guid":{"rendered":"https:\/\/www.newsbeep.com\/ca\/821574\/"},"modified":"2026-07-23T20:41:10","modified_gmt":"2026-07-23T20:41:10","slug":"cerebras-stock-gains-on-amd-partnership","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/ca\/821574\/","title":{"rendered":"Cerebras stock gains on AMD partnership"},"content":{"rendered":"<p>Andrew Feldman, co-founder and CEO of Cerebras Systems, holds the Wafer Scale Engine 3 chip at the Nasdaq MarketSite in New York on May 14, 2026.<\/p>\n<p>Michael Nagle | Bloomberg | Getty Images<\/p>\n<p><a href=\"https:\/\/www.cnbc.com\/quotes\/CBRS\/\" rel=\"nofollow noopener\" target=\"_blank\">Cerebras<\/a> shares gained about 5% on Thursday after the company forged an agreement with <a href=\"https:\/\/www.cnbc.com\/quotes\/AMD\/\" rel=\"nofollow noopener\" target=\"_blank\">Advanced Micro Devices<\/a> that involves the two chipmakers to work together on artificial intelligence systems. <\/p>\n<p>Cerebras CEO Andrew Feldman said at AMD&#8217;s <a href=\"https:\/\/ir.amd.com\/news-events\/press-releases\/detail\/1293\/amd-and-cerebras-announce-industry-leading-ultra-low-latency-and-high-throughput-ai-inference-solution\" target=\"_blank\" rel=\"nofollow noopener\">AI conference<\/a> in San Francisco that his company&#8217;s chips will be used in AMD&#8217;s Helios AI systems installed in Cerebras data centers starting later this year. Server buyers will be able to configure AMD systems with the company&#8217;s &#8220;wafer-scale&#8221; chips as well. <\/p>\n<p>At the event, AMD is detailing new chips and its <a href=\"https:\/\/www.cnbc.com\/2026\/07\/20\/amd-helios-microsoft-ai-nvidia.html\" rel=\"nofollow noopener\" target=\"_blank\">Helios<\/a> integrated system. <\/p>\n<p>The partnership highlights how important &#8220;ultra-low latency&#8221; has become for AI firms. Chips like those made by Cerebras are configured to provide the first AI answers as quickly as possible, while making tradeoffs in terms of flexibility and total power. The companies claimed that their system would provide five times higher tokens per second per watt than competitors. <\/p>\n<p>AMD rival <a href=\"https:\/\/www.cnbc.com\/quotes\/NVDA\/\" rel=\"nofollow noopener\" target=\"_blank\">Nvidia<\/a> bought assets from Groq in December for $20 billion to integrate that company&#8217;s low-latency technology into its systems. <\/p>\n<p>&#8220;When something&#8217;s a necessity, people want to use it, and they want to use it quickly,&#8221; Feldman said. <\/p>\n<p>Cerebras <a href=\"https:\/\/www.cnbc.com\/2026\/05\/14\/cerebras-cbrs-stock-trade-nasdaq-ipo.html\" rel=\"nofollow noopener\" target=\"_blank\">went public<\/a> in May and has been a particularly volatile stock in its early days. After going public at $185, the stock shot up as high as $386.34 in its debut before falling below $161 in late June. With Thursday&#8217;s pop, the shares are trading at $220.<\/p>\n<p>In January, Cerebras <a href=\"https:\/\/www.cnbc.com\/2026\/01\/14\/cerebras-scores-openai-deal-worth-over-10-billion.html\" rel=\"nofollow noopener\" target=\"_blank\">announced<\/a> a deal with\u00a0<a href=\"https:\/\/www.cnbc.com\/2025\/06\/10\/openai-cnbc-disruptor-50.html\" rel=\"nofollow noopener\" target=\"_blank\">OpenAI<\/a>\u00a0to deliver 750 megawatts of computing power through 2028, a deal worth over $10 billion. <\/p>\n<p>WATCH: <a href=\"https:\/\/www.cnbc.com\/video\/2026\/07\/08\/cerebras-open-ais-chip-will-compete-will-compete-with-other-gpus.html\" rel=\"nofollow noopener\" target=\"_blank\">Open AI&#8217;s chip will compete will compete with other GPUs<\/a><\/p>\n<p><img decoding=\"async\" class=\"InlineVideo-videoThumbnail\" src=\"https:\/\/www.newsbeep.com\/ca\/wp-content\/uploads\/2026\/07\/1784839270_794_108331959-17835081471783508145-47032838421-1080pnbcnews.jpg\" alt=\"Cerebras: Open AI's chip will compete will compete with other GPUs\"\/><a href=\"https:\/\/www.google.com\/preferences\/source?q=https:\/\/www.cnbc.com\/\" target=\"_blank\" rel=\"noopener noreferrer nofollow\">Choose CNBC as your preferred source on Google and never miss a moment from the most trusted name in business news.<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"Andrew Feldman, co-founder and CEO of Cerebras Systems, holds the Wafer Scale Engine 3 chip at the Nasdaq&hellip;\n","protected":false},"author":2,"featured_media":821575,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[20],"tags":[27605,62,7175,276,277,2158,45,161,49,48,269362,10355,198460,189646,190,1369,5886,61,277247],"class_list":["post-821574","post","type-post","status-publish","format-standard","has-post-thumbnail","category-artificial-intelligence","tag-advanced-micro-devices-inc","tag-ai","tag-apple-inc","tag-artificial-intelligence","tag-artificialintelligence","tag-breaking-news-technology","tag-business","tag-business-news","tag-ca","tag-canada","tag-cerebras-systems-inc","tag-enterprise","tag-global-x-robotics-artificial-intelligence-etf","tag-ishares-semiconductor-etf","tag-mobile","tag-nvidia-corp","tag-san-francisco","tag-technology","tag-xetfs-nvda-daily-income-etf"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/821574","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/comments?post=821574"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/821574\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media\/821575"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media?parent=821574"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/categories?post=821574"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/tags?post=821574"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}