CBRS — Cerebras Systems Inc.
Technology · Semiconductors
About Cerebras Systems Inc.
Cerebras Systems Inc. operates as an artificial intelligence infrastructure company. It designs and manufactures an AI compute platform that comprises of proprietary systems and software that is delivered in racks for deployment in data centers up to supercomputer scale. The company's pioneering wafer-scale engine, a chip encompassing a silicon wafer, designed to enable higher performance and speeds than GPUs for the computational demands of inference, Generative AI, and other AI applications. Its customers include hyperscalers, foundation model labs, AI-native and digital-native businesses, enterprises, and leaders of Sovereign AI initiatives. The company has operations in the United States, Europe, the Middle East, Africa, and internationally. Cerebras Systems Inc. was founded in 2015 and is headquartered in Sunnyvale, California.
The AI chips & compute industry
This is the semiconductor and compute layer of the AI build-out — the GPUs, custom accelerators, high-bandwidth memory and processors that train and run models. It is a cyclical, capital-intensive industry split between fabless designers, foundries that manufacture the chips, and integrated players. AI has become the dominant demand driver, and the group is unusually exposed to export controls, manufacturing concentration in Taiwan, and sharp boom-bust capex cycles. Cerebras builds wafer-scale AI training chips — a genuinely different architecture from GPU clusters — and listed on Nasdaq in 2026 after a long run on Santro's IPO watch.
Key data · delayed ~15 min, as of 20 July 2026
| Ticker | CBRS |
| Company | Cerebras Systems Inc. |
| Price | $172.86 |
| Market cap | $38.5B |
| Sector / industry | Technology / Semiconductors |
| Analyst mean target | $291 (11 analysts) |
Valuation read
What the price implies: the market is pricing in roughly ~36%/yr earnings growth (punchy), on a reverse-DCF of forward earnings ($0.96). Run your own assumptions in the fair-value calculator.
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