The AI Inference Race Has a New Contender: UBS Backs Cerebras (CBRS)

Cerebras Systems Inc. (NASDAQ:CBRS) is among the 10 Under-the-Radar AI Stocks to Buy in 2026. 

On June 8, UBS initiated coverage of Cerebras Systems Inc. (NASDAQ:CBRS) with a Buy rating and a $300 price target, highlighting the company’s wafer-scale engine as the world’s largest compute chip. According to the firm, the technology delivers a significant performance advantage over traditional GPUs in certain high-speed inference applications, allowing Cerebras to address a premium segment of the rapidly expanding AI inference market. UBS also pointed to the company’s growing commercial traction as evidence that its differentiated architecture is gaining acceptance among enterprise and AI customers.

Earlier that same day, Morgan Stanley analyst Joseph Moore initiated coverage of Cerebras Systems Inc. (NASDAQ:CBRS) with an Overweight rating and a $250 price target. The firm noted increasing demand for low-latency AI inference solutions and argued that Cerebras has uniquely positioned itself to capitalize on this trend through its wafer-scale computing technology. Morgan Stanley further highlighted the company’s expanding contract pipeline, which it believes supports a path toward approximately $6 billion in revenue by 2028, with the potential for additional upside if adoption accelerates.

Cerebras Systems Inc. (NASDAQ:CBRS) is an artificial intelligence and semiconductor company focused on developing massive wafer-scale processors and supercomputers optimized for AI training and inference workloads. Founded in 2015 and headquartered in Sunnyvale, California, the company serves cloud providers, foundation model developers, research institutions, and enterprise customers seeking faster and more efficient AI computing solutions.

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