Cerebras Systems is trading 14% up at $250.02 after renewed optimism around its OpenAI collaboration and reported progress powering the Ultrafast GPT-5.6 Sol service.
- Management reported a $25.4 billion backlog and raised full-year revenue guidance.
- Investors had punished an earlier quarterly revenue miss during a volatile post-earnings period.
- The broader market is slightly weaker, suggesting company-specific news appears to be driving the rebound.