What AI bubble is CBRS in?

Cerebras Systems Inc. (CBRS) is mapped to the AI Compute Accelerators bubble on QuantAbundancia. Specialist wafer-scale AI inference accelerator. WSE-3 architecture (~2,600× a B200 on bandwidth) wins frontier-latency inference benchmarks (21× B200 on Llama 3 70B reasoning, 2,500+ TPS/user on Llama 4 Maverick vs Blackwell 1,038) but explicitly does not challenge NVDA on training. Weight 0.70 - pure-play AI thesis but specialist scope, no public correlation history yet, ~86% customer concentration on G42 + MBZUAI. Slots below the established compute names (NVDA 1.00, AMD/TSM 0.95, AVGO 0.90, MRVL 0.80) and above the partial-thesis names (INTC 0.60, QCOM 0.65). Expect lower residualized correlation to the bloc than NVDA/AMD/AVGO due to single-thesis exposure - will revisit weight after 30 sessions of post-IPO trading.

What sector is CBRS in?

Cerebras Systems Inc. is classified under GICS Information Technology (Semiconductors).

What is CBRS's last close price?

CBRS last closed at $180.46 on 2026-07-16.

CBRS

NASDAQNext earnings·Aug 11AnalystsStrong Buy·11+61%

Cerebras Systems Inc.

Information Technology · Semiconductors

$180.46last close

-45.3%~252d

Price

-14.98% over 1M

Tese

em 2026-07-16

Specialist wafer-scale AI inference accelerator - first pure-play inference name on the public tape. WSE-3 chip (4T transistors, 900K cores, 21 PB/s bandwidth - ~2,600× a B200) delivers 21× B200 on Llama 3 70B reasoning and 2,500+ TPS/user on Llama 4 Maverick (vs Blackwell 1,038).

6B backlog ~80% OpenAI via a $10B+/750 MW deal through 2028. 8B fully-diluted valuation. Three customers explain the entire forward business; bull case is inference-specialization wins a structural lane against general-purpose GPUs.

•2024-09 - First S-1 filed; later withdrawn after CFIUS opened a review of G42's minority stake
•2025-10 - CFIUS review concluded after G42 holding restructured to non-voting shares; path cleared for listing
•2025-12-24 - NVIDIA's $20B Groq asset/license acquisition (read-through: frontier inference market partitioning into a specialist tier; NVDA buying in rather than ceding the lane)
•2026-01-14 - OpenAI deal signed: 750 MW of low-latency compute through 2028. Initial press value $10B; subsequent MRA disclosures place binding commitments at >$20B with expansion provisions up to 2 GW by 2030
•2026-02 - Hiive private secondary implied ~$23B valuation (IPO 3 months later doubled this)
•2026-03-13 - AWS announced Cerebras as first cloud provider for disaggregated inference on Amazon Bedrock; Trainium + WSE pairing claims "5× more high-speed token capacity in the same hardware footprint"
•2026-05-13 - IPO priced $185 (above $150-160 range, walked up from original $115-125); book reportedly 20× oversubscribed
•2026-05-14 - Day 1 open $350, close $311.07 (+68.2%); $5.55B raised on 30M shares; $48.8B fully-diluted valuation; 2026's largest US tech IPO

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Frequently asked questions

What AI bubble is CBRS in?: Cerebras Systems Inc. (CBRS) is mapped to the AI Compute Accelerators bubble on QuantAbundancia. Specialist wafer-scale AI inference accelerator. WSE-3 architecture (~2,600× a B200 on bandwidth) wins frontier-latency inference benchmarks (21× B200 on Llama 3 70B reasoning, 2,500+ TPS/user on Llama 4 Maverick vs Blackwell 1,038) but explicitly does not challenge NVDA on training. Weight 0.70 - pure-play AI thesis but specialist scope, no public correlation history yet, ~86% customer concentration on G42 + MBZUAI. Slots below the established compute names (NVDA 1.00, AMD/TSM 0.95, AVGO 0.90, MRVL 0.80) and above the partial-thesis names (INTC 0.60, QCOM 0.65). Expect lower residualized correlation to the bloc than NVDA/AMD/AVGO due to single-thesis exposure - will revisit weight after 30 sessions of post-IPO trading.
What sector is CBRS in?: Cerebras Systems Inc. is classified under GICS Information Technology (Semiconductors).
What is CBRS's last close price?: CBRS last closed at $180.46 on 2026-07-16.