Yes, iShares Semiconductor ETF (SOXX) holds CBRS with 1.00% (as of 2026-09-22).

Cerebras Systems Inc. (CBRS) is held by SOXX (1.00%).

What AI bubble is CBRS in?

Cerebras Systems Inc. (CBRS) is mapped to the AI Compute Accelerators bubble on QuantAbundance. Specialist wafer-scale AI inference accelerator. WSE-3 architecture (~2,600× a B200 on bandwidth) wins frontier-latency inference benchmarks (21× B200 on Llama 3 70B reasoning, 2,500+ TPS/user on Llama 4 Maverick vs Blackwell 1,038) but explicitly does not challenge NVDA on training. Weight 0.70 - pure-play AI thesis but specialist scope, no public correlation history yet, ~86% customer concentration on G42 + MBZUAI. Slots below the established compute names (NVDA 1.00, AMD/TSM 0.95, AVGO 0.90, MRVL 0.80) and above the partial-thesis names (INTC 0.60, QCOM 0.65). Expect lower residualized correlation to the bloc than NVDA/AMD/AVGO due to single-thesis exposure - will revisit weight after 30 sessions of post-IPO trading.

What sector is CBRS in?

Cerebras Systems Inc. is classified under GICS Information Technology (Semiconductors).

What is CBRS's last close price?

CBRS last closed at $206.24 on 2026-09-24.

CBRS

NASDAQNext earnings·Nov 10AnalystsStrong Buy·11+41%

Cerebras Systems Inc.

Information Technology · Semiconductors

$206.24last close

$204.99+0.2% · USD · funding -36% apr · trade ↗

-37.5%~252d

Price

+13.23% over 1M

4 auto-fib

Thesis

as of 2026-09-23

Specialist wafer-scale AI inference accelerator - first pure-play inference name on the public tape. WSE-3 chip (4T transistors, 900K cores, 21 PB/s bandwidth - ~2,600× a B200) delivers 21× B200 on Llama 3 70B reasoning and 2,500+ TPS/user on Llama 4 Maverick (vs Blackwell 1,038).

6B backlog ~80% OpenAI via a $10B+/750 MW deal through 2028. 8B fully-diluted valuation. Three customers explain the entire forward business; bull case is inference-specialization wins a structural lane against general-purpose GPUs.

•2024-09 - First S-1 filed; later withdrawn after CFIUS opened a review of G42's minority stake
•2025-10 - CFIUS review concluded after G42 holding restructured to non-voting shares; path cleared for listing
•2025-12-24 - NVIDIA's $20B Groq asset/license acquisition (read-through: frontier inference market partitioning into a specialist tier; NVDA buying in rather than ceding the lane)
•2026-01-14 - OpenAI deal signed: 750 MW of low-latency compute through 2028. Initial press value $10B; subsequent MRA disclosures place binding commitments at >$20B with expansion provisions up to 2 GW by 2030
•2026-02 - Hiive private secondary implied ~$23B valuation (IPO 3 months later doubled this)
•2026-03-13 - AWS announced Cerebras as first cloud provider for disaggregated inference on Amazon Bedrock; Trainium + WSE pairing claims "5× more high-speed token capacity in the same hardware footprint"
•2026-05-13 - IPO priced $185 (above $150-160 range, walked up from original $115-125); book reportedly 20× oversubscribed
•2026-05-14 - Day 1 open $350, close $311.07 (+68.2%); $5.55B raised on 30M shares; $48.8B fully-diluted valuation; 2026's largest US tech IPO

Follow $CBRS and the AI trade, free.

Each weekday: the scan's ENTER setups with entry, stop and target, every new ticker teardown, and the bubble shifts that move names like this one. Free. Education, not advice.

No spam. One email per day max. Pro adds Telegram trade alerts and higher AI-assistant limits.

Analyze CBRS· interactive tools

Bubbles· capital-flow co-movement

Themes· editorial groupings

Conviction· in 1 watchlist

Top correlated· 252d co-movement

0.70
0.66
0.60

Frequently asked questions

Is CBRS in SOXX?: Yes, iShares Semiconductor ETF (SOXX) holds CBRS with 1.00% (as of 2026-09-22).
What ETFs hold CBRS?: Cerebras Systems Inc. (CBRS) is held by SOXX (1.00%).
What AI bubble is CBRS in?: Cerebras Systems Inc. (CBRS) is mapped to the AI Compute Accelerators bubble on QuantAbundance. Specialist wafer-scale AI inference accelerator. WSE-3 architecture (~2,600× a B200 on bandwidth) wins frontier-latency inference benchmarks (21× B200 on Llama 3 70B reasoning, 2,500+ TPS/user on Llama 4 Maverick vs Blackwell 1,038) but explicitly does not challenge NVDA on training. Weight 0.70 - pure-play AI thesis but specialist scope, no public correlation history yet, ~86% customer concentration on G42 + MBZUAI. Slots below the established compute names (NVDA 1.00, AMD/TSM 0.95, AVGO 0.90, MRVL 0.80) and above the partial-thesis names (INTC 0.60, QCOM 0.65). Expect lower residualized correlation to the bloc than NVDA/AMD/AVGO due to single-thesis exposure - will revisit weight after 30 sessions of post-IPO trading.
What sector is CBRS in?: Cerebras Systems Inc. is classified under GICS Information Technology (Semiconductors).
What is CBRS's last close price?: CBRS last closed at $206.24 on 2026-09-24.

•2026-Q3 (est) - Accelerated lockup: 60M+ shares unlock by Q2 2026 earnings release, ~2× IPO float hitting tape inside 90 days (vs standard 180-day expiry mid-November 2026)

•Snapshot 2026-05-18: price ~$311, mcap ~$48.8B fully-diluted (~157M sh × $311), 2025 revenue $510M (+76% YoY from $290M), 2025 GAAP net income $237.8M but operating loss $145.9M

•Customer concentration: G42 (24% of 2025 rev, was 85% in 2024) + MBZUAI (62%) = ~86% UAE-linked, both flagged as related parties in the S-1; apparent 2025 diversification away from G42 was reallocation between connected Abu Dhabi entities, not new customer acquisition

•Backlog concentration: ~$24.6B disclosed, of which ~80% is OpenAI; revenue recognition gated by OpenAI's own datacenter buildout pace (power + zoning, not chips)

•Setup tension: first specialist inference accelerator on the public tape, but the entire forward business is explained by three customers (G42, MBZUAI, OpenAI) through 2028; GAAP profitability is non-operating (the $237.8M net income line is not a sustainable run-rate while operating loss continues); fast lockup creates structural supply pressure ~Q3 2026; inference TAM is contestable and workload-specific (21× B200 advantage on Llama 3 70B reasoning doesn't generalize to training, embeddings, or image gen)

•Editorial deep-dive: /articles/cerebras-cbrs-ipo

backlog$24.6B

power750 MW

customersG42 · MBZUAI (Mohamed bin Zayed University of AI) · OpenAI · Amazon Web Services

Held by ETFs

SOXXiShares Semiconductor ETF
1.00%

Key levels

$209.07
0.786 retr of 160.81->386.34 (52w) · 2026-09-24
Auto-computed retracement of the trailing 52w low-high leg. Recomputed on each refresh; not a curated level.
-1.4%
$246.96
0.618 retr of 160.81->386.34 (52w) · 2026-09-24
Auto-computed retracement of the trailing 52w low-high leg. Recomputed on each refresh; not a curated level.
-16.5%
$273.57
0.5 retr of 160.81->386.34 (52w) · 2026-09-24
Auto-computed retracement of the trailing 52w low-high leg. Recomputed on each refresh; not a curated level.
-24.6%
$300.19
0.382 retr of 160.81->386.34 (52w) · 2026-09-24
Auto-computed retracement of the trailing 52w low-high leg. Recomputed on each refresh; not a curated level.
-31.3%

Open full Fib grid →Correlation lookup →🔔 Get Telegram alerts for $CBRS →

Facts

Exchange: NASDAQ
Currency: USD
Market cap: $48.76B
Last update: 2026-09-24

Revenue (TTM)$681M

P/E -

P/S71.6×

Net margin-75.3%