Cerebras Systems - GoKawiil

Cerebras shares fall 20% this week amid lockup expiry and OpenAI GPU report

Cerebras Systems' stock closed Friday at $166.43, down nearly 20% for the week and its lowest price since its May IPO. The decline followed a SemiAnalysis report that OpenAI will use Nvidia GPUs, not Cerebras chips, to power the 'Ultrafast' mode of GPT-6.1 Sol, and coincided with the expiration of lockup restrictions freeing up to 19.4 million insider shares, about 8% of shares outstanding.

cnbc.com · 2026-10-02

Cerebras CEO Andrew Feldman to discuss AI compute limits at TechCrunch Disrupt 2026

Cerebras Systems co-founder and CEO Andrew Feldman is scheduled to appear at TechCrunch Disrupt 2026 for a session titled 'Can AI Keep Scaling?', addressing rising demand for compute, energy and infrastructure. Cerebras builds wafer-scale AI chips as an alternative to conventional chip architectures, raised $5.5 billion in its May IPO, signed a multiyear deal with OpenAI for 750 megawatts of systems through 2026-2028, and launched its CS-4 hardware in August.

techcrunch.com · 2026-09-30