Cerebras Systems (CBRS) Stock Jumps 10% After Oracle Cloud Deal
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TLDR Cerebras Systems (CBRS) stock rose 10% on Tuesday to close at $119.31 after announcing a deal with Oracle. Oracle Cloud Infrastructure will offer Cerebras’ wafer-scale systems starting in the first half of 2027. Oracle becomes the third major cloud provider to offer access to Cerebras’ chip, after AWS and Azure. Cerebras hit a 52-week low of $106.13 on October 26 and is down about 62% since its May debut. Analysts rate the stock a Strong Buy, with an average price target of $288.67. Cerebras Systems (CBRS) stock closed at $119.31 on Tuesday, up $10.94 or 10%. It climbed as much as 11% during the session, with a day’s range of $108.88 to $120.50.
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