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.

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

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.

While we acknowledge the risk and potential of CBRS as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than CBRS and that has 10,000% upside potential, check out our report about the cheapest AI stock.

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