Story perspectives
Cerebras shares jump after Altman calls it OpenAI partner
By Drooid · · How we work
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Story summary
- Cerebras Systems’ shares rose 6.3% to $177 in pre-market trading.
- A post by OpenAI chief Sam Altman on X calling Cerebras a “close partner” added a 3% gain in trading.
- Cerebras signed a $10 billion contract in January to supply OpenAI with 750 megawatts of computing power through 2028.
- Citi analysts kept the 2026-2028 revenue outlook unchanged while warning delayed margin improvement could hurt sentiment.
