BUZZ-Cerebras Systems shares rise after third-quarter revenue beats expectations and full-year outlook is raised

November 12 - ** Chipmaker Cerebras Systems (CBRS.O) shares rose 14.3% in after-hours trading to $111.7

** The company raised its full-year core revenue estimate to between $940 million and $960 million

** According to data from London Stock Exchange Group (LSEG), the chipmaker's adjusted core total revenue for the third quarter was $230.9 million, beating analysts' expectations of $214.7 million

** CBRS said it has secured 700 megawatts of data center capacity, to be delivered by the end of 2027

** The company announced new commercial agreements with two hyperscale cloud service providers, including a deal to deploy its AI inference technology on Oracle Cloud Infrastructure by 2027

** As of the close of the previous trading day, Cerebras shares were down 67.5% since its Nasdaq listing in May

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