{
  "id": 19836300,
  "title": "Cerebras stock jumps 23% on surprise profit, forecast hike, easing AI spending worries",
  "url": "https://urgent.news/2026/11/13/cerebras-stock-jumps-23-on-surprise-profit-forecast-hike-easing-ai",
  "topic": "ai",
  "section": "AI",
  "published": "2026-11-13T16:02:49.000Z",
  "source": {
    "name": "The Economic Times - Top News",
    "slug": "the-economic-times-top-news",
    "url": "https://economictimes.indiatimes.com/markets/us-stocks/wall-street-guide/cerebras-stock-jumps-23-on-surprise-profit-forecast-hike-easing-ai-spending-worries/articleshow/135808868.cms"
  },
  "original_language": "en",
  "account": "Cerebras Systems' shares rose 23% following the AI chipmaker's surprise profit and revised revenue forecast, according to a Reuters report. The artificial intelligence (AI) chip company raised its annual revenue guidance for 2026 to between $940 million and $960 million, exceeding analysts' average estimate of $887.04 million. Cerebras also disclosed that it signed a cloud services agreement with Microsoft and reported a significant improvement in profitability, with adjusted profit at $29.82 million in the third quarter, compared to an adjusted loss of $10.86 million in the same period last year. CEO Andrew Feldman attributed delivery delays in Cerebras' $20 billion multi-year agreement with OpenAI to industry-wide shortages of land and power rather than chip manufacturing constraints. Despite a 47.2% drop in Cerebras shares from their May IPO price of $185, the company's latest results and improved outlook provide a boost as it seeks to challenge Nvidia in the fast-growing AI computing market.",
  "summary": "Cerebras Systems experienced a 23% increase in stock prices after announcing adjusted revenue guidance for 2026. The company reported a quarterly profit of $29.82 million, surpassing analysts' expectations of a loss. Cerebras also revealed a significant rise in cloud and services revenue, driven in part by its OpenAI agreement. Additionally, the company has signed a cloud services deal with…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}