Cerebras Stock Rises Pre-Bell Monday as OpenAI's Sam Altman Calls it 'Close Partner'
MT newswire2026/10/05 10:5106:51 AM EDT, 10/05/2026 (MT Newswires) -- Cerebras Systems (CBRS) shares were up more than 5% in premarket activity on Monday after OpenAI Chief Executive Sam Altman described the AI hardware firm as a "close partner". Altman said Friday in a post on X that two companies "have a deep engagement pushing on the frontiers of speed." This comes after Cerebras shares fell nearly 20% last week after reports that OpenAI would use Nvidia's graphics processing units instead of Cerebras chips to power the "Ultrafast" mode for GPT-6.1 Sol.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Cybertruck orders far exceed pre-production capacity, Tesla (TSLA.US) to refund deposits to a large number of customers
Elon Musk stated that Tesla will refund the Cybertruck deposits to a significant number of customers.
Barrick Gold (B.US) Q3 Results Mixed: Benefiting from Gold Price Dividend While Facing Cost Pressures
Barrick Mining (B.US) will release its financial results for the third quarter of 2026 before the U.S. stock market opens on November 9.
Europe Becomes a Safe Haven Amid AI Turbulence! Citi Turns Bullish on European Stocks, Downgrades US Stocks: Low AI Exposure Seen as Key Advantage
Citigroup strategists have downgraded the rating of U.S. stocks and upgraded the rating of European stocks, following the recent market turbulence caused by upheaval in the artificial intelligence industry.
Rumor: Tesla (TSLA.US) and SpaceX (SPCX.US) plan Terafab monthly production of one million wafers, feasibility questioned
According to reports, Tesla (TSLA.US) and SpaceX (SPCX.US) plan to achieve a production capacity of 1 million semiconductor wafers per month at the proposed Terafab factory starting in 2032.
Crypto prices
More
