Cerebras Adds Microsoft Partnership to Diversify Beyond OpenAI

What happened: Cerebras, an artificial-intelligence chip maker, announced a partnership with Microsoft as it diversifies beyond OpenAI. Its share price climbed in after-hours trading after it bested expectations. Why it matters: The Microsoft partnership signals Cerebras is broadening its customer base beyond OpenAI, and the after-hours share move reflects a positive market reaction to its results. Market: +0.5% today ($267.44), +18.1% YTD, 0.9x vol — as of 00:45 UTC

Cerebras, an artificial-intelligence chip maker, announced a partnership with Microsoft as it diversifies beyond OpenAI. Its share price climbed in after-hours trading after it bested expectations.

The Microsoft partnership signals Cerebras is broadening its customer base beyond OpenAI, and the after-hours share move reflects a positive market reaction to its results. Market: +0.5% today ($267.44), +18.1% YTD, 0.9x vol — as of 00:45 UTC