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Cerebras shares surge as surprise profit, forecast raise ease AI spending worries

Cerebras shares surge as surprise profit, forecast raise ease AI spending worries

Nov 13 (Reuters) - Cerebras Systems' shares gained more than 14% in premarket trading on Friday, after the chipmaker raised its annual sales forecast and posted a surprise profit, indicating momentum in its challenge to Nvidia in the AI chip market.
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Cerebras shares surge as profit surprise, forecast raise ease AI spending worries

Cerebras shares surge as profit surprise, forecast raise ease AI spending worries

Nov 13 (Reuters) - Cerebras Systems' 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 in the AI chip market.
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Cerebras shares jump 17% on upbeat annual forecast, easing AI jitters

Cerebras shares jump 17% on upbeat annual forecast, easing AI jitters

By Anhata Rooprai Nov 12 (Reuters) - Cerebras Systems raised its 2026 revenue forecast and signed Microsoft as a customer, easing investor concerns about AI spending and sending the chip and cloud company's shares more than 17% higher in extended trading on Thursday.
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Cerebras raises annual sales forecast on strong AI-linked demand

Cerebras raises annual sales forecast on strong AI-linked demand

Nov 12 (Reuters) - Cerebras Systems raised its annual revenue forecast on Thursday, buoyed by surging demand for AI computing capacity as it battles Nvidia and cloud giants. Shares of the company were up 11% in extended trading.
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Nasdaq futures subdued as Nvidia upheaval roils AI trade

Nasdaq futures subdued as Nvidia upheaval roils AI trade

By Niket Nishant and Utkarsh Hathi Nov 13 (Reuters) - Nasdaq 100 futures were muted on Friday in a volatile week that saw the resignation of Jensen Huang as CEO of chip heavyweight Nvidia amid scrutiny over his relationship with a Chinese businesswoman suspected of spying for Beijing.
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Analysis-Investors worry the AI trade might lose Nvidia's largesse after Huang

Analysis-Investors worry the AI trade might lose Nvidia's largesse after Huang

By Ankur Banerjee SINGAPORE, Nov 12 (Reuters) - As chip giant Nvidia's chief Jensen Huang stepped down on Thursday, investors' biggest fears were as much about the future of the multitrillion-dollar company as its ability and willingness to continue bankrolling the AI boom.
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Cerebras lifts annual sales forecast on strong AI-linked demand, shares surge

Cerebras lifts annual sales forecast on strong AI-linked demand, shares surge

Nov 12 (Reuters) - Cerebras Systems raised its annual revenue forecast on Thursday, buoyed by surging demand for AI computing capacity as it battles Nvidia and cloud giants, sending its shares nearly 18% higher in extended trading.
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CoreWeave beats quarterly revenue estimates as AI demand defies growing doubts

CoreWeave beats quarterly revenue estimates as AI demand defies growing doubts

Nov 10 (Reuters) - CoreWeave beat Wall Street estimates for quarterly revenue on Tuesday, driven by strong demand for its cloud services, easing recent concerns around the durability of AI infrastructure demand amid its mounting debt load.
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Baird, Morgan Stanley sour on Nvidia as CEO affair controversy deepens

Baird, Morgan Stanley sour on Nvidia as CEO affair controversy deepens

Nov 11 (Reuters) - Baird issued a rare downgrade of Nvidia and Morgan Stanley dropped the stock from its Top Pick list on Wednesday as investor concerns mounted over CEO Jensen Huang's future at the company central to the AI boom.
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TSMC to invest up to $1 billion in Anthropic, OpenAI

TSMC to invest up to $1 billion in Anthropic, OpenAI

TAIPEI, Nov 10 (Reuters) - TSMC plans to invest up to $1 billion across leading AI developers Anthropic and OpenAI, highlighting the Taiwanese chipmaker's confidence in long-term demand for the technology even as concerns grow about soaring AI spending.
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Anthropic IPO to raise up to $64.4 billion as AI boom faces growing scrutiny

Anthropic IPO to raise up to $64.4 billion as AI boom faces growing scrutiny

By Echo Wang Nov 10 (Reuters) - Anthropic's IPO is set to raise as much as $64.4 billion, a regulatory filing showed on Tuesday, in a landmark listing that will offer the first public-market test of the valuations, growth prospects and risks of frontier AI companies.
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S&P 500, Nasdaq rise over 1% as CoreWeave results calm AI spending jitters

S&P 500, Nasdaq rise over 1% as CoreWeave results calm AI spending jitters

By Utkarsh Hathi and Tharuniyaa Lakshmi Nov 11 (Reuters) - The S&P 500 and the tech-heavy Nasdaq climbed more than 1% on Wednesday after neocloud firm CoreWeave's solid earnings eased investor concerns about bloated AI expenditure, while Nvidia recovered some ground following a rout in the last two