Cerebras Shares Surge on Profit Surprise and Higher Forecast
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11:49:58 AM UTC
SquawkNews
Cerebras Systems' NASDAQ:CBRS shares surged about 17% on Friday after the AI chipmaker raised its annual sales forecast and posted a surprise profit, signaling momentum in its push to challenge Nvidia NASDAQ:NVDA in the AI chip market.The rally would add nearly $4 billion to Cerebras' market value…