Cerebras Systems (CBRS): 10 AI Stocks on Wall Street’s Radar

Cerebras Systems Inc. (NASDAQ:CBRS) is one of the AI stocks on Wall Street’s radar. On June 24, Cerebras reported strong FQ1 2026 financial results, posting GAAP revenue of $193.4 million and core revenue of $191.3 million, a 92% increase year-over-year. The company recently completed the largest semiconductor IPO in history, raising $6.4 billion in gross proceeds. This follows significant capital influxes, including a $1 billion Series H financing and a $1 billion loan from OpenAI earlier this year.

Strategic growth is driven by major new partnerships, most notably a multi-year deal with OpenAI valued at over $20 billion to deploy 750 megawatts of high-speed inference compute. Additionally, Cerebras launched a partnership with AWS to provide fast inference at scale, using a disaggregated strategy that pairs AWS’s Trainium 3 chips for prefill with Cerebras’ CS-3 systems for rapid decoding.

The company continues to advance its technology through the introduction of the Codex-Spark model and trials for models like Kimi K2.6 and Gemma 4, which show record-breaking token generation speeds. Cerebras Systems Inc. (NASDAQ:CBRS) now projects full-year 2026 core revenue to reach between $855 million and $865 million, representing a 69% year-over-year increase at the midpoint.

Cerebras Systems Inc. (NASDAQ:CBRS) designs and manufactures wafer-scale processors and AI supercomputers engineered to accelerate both training and inference workloads for AI applications across enterprise and research environments.

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