Movement Alert｜Cerebras Systems Intraday Rise 5.88%, OpenAI Reaffirms Strategic Partnership to Restore Market Confidence

Market Focus10-05 21:32

On October 5, Cerebras Systems rose 5.88% in regular trading, trading at $183.68 per share with a turnover of $372 million.

OpenAI CEO Sam Altman clarified on social media that Cerebras remains a deep strategic partner, accelerating computing breakthroughs after earlier concerns about OpenAI switching to Nvidia for GPT-6.1.

The defensive statement from Altman directly reversed market misperceptions about the partnership status, with Barclays confirming Cerebras remained a priority supplier. This clarification came after shares plunged nearly 20% last week amid rumors of OpenAI reverting to Nvidia chips for its latest Ultrafast mode.

Cerebras Systems develops wafer-scale AI processors and focuses on enhancing computational efficiency for training and inference scenarios.

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