Stock Market Today, Nov. 13: Cerebras Surges Over 11% on Record Q3 Revenue and Raised 2026 Guidance
Cerebras Systems surged 11.22% after reporting record Q3 revenue of $210.8 million (55% YoY growth) and raising 2026 guidance. The company added Microsoft as a customer alongside Oracle and Amazon. The stock rally was also supported by Nvidia CEO Jensen Huang's resignation, potentially opening market share opportunities for Cerebras.