5 AI Stocks Beyond Nvidia That Could Surge in 2026

3. Cerebras Systems Inc. (NASDAQ:CBRS)

Analyst Upside: 77.61%

Cerebras Systems Inc. (NASDAQ:CBRS) ranks among the AI stocks beyond NVIDIA that could surge in 2026. On June 23, Cerebras Systems Inc. (NASDAQ:CBRS) disclosed first-quarter 2026 results, with a GAAP revenue of $193.4 million, rising 94% year-over-year and 13% sequentially. Hardware revenue came in at $110.6 million, jumping 59% year-over-year, while cloud and other services revenue increased 178% to $82.8 million. At the same time, the company posted a GAAP operating loss of $15 million with a net loss of $14 million.

Looking ahead, Cerebras Systems Inc. (NASDAQ:CBRS) expects core revenue of about $194 million in the second quarter of 2026, an 88% increase over the previous year. For the full year 2026, the company predicted core revenue of roughly $855 million to $865 million, reflecting about 69% growth year-over-year at the midrange.

Notably, Cerebras Systems Inc. (NASDAQ:CBRS) signed a multi-year partnership with OpenAI for more than $20 billion, whereby OpenAI will install 750 megawatts of Cerebras inference compute over a number of years. The two companies also jointly launched Codex-Spark, a coding framework.

Cerebras Systems Inc. (NASDAQ:CBRS) is headquartered in Sunnyvale, California, and was founded in 2015. The company designs and manufactures wafer-scale processors and AI supercomputers engineered to accelerate both training and inference workloads for artificial intelligence applications across enterprise and research environments.