Cerebras Systems recently reported significant growth in its AI chip and cloud businesses, with its cloud revenue nearly quadrupling year-over-year in the second quarter of 2026. This growth highlights the increasing demand for fast AI inference, a pivotal development in the AI chip industry. In response to this demand, Cerebras is expanding its data center and manufacturing capacities significantly, aiming to scale its operations further. Additionally, strategic partnerships with industry leaders such as OpenAI, AMD, and AWS are positioning Cerebras as a key player in the disaggregated inference space. These developments showcase the rapid advancements occurring within the AI chip sector, driven by technological innovations and strategic collaborations.

• Advanced Micro Devices (NasdaqGS:AMD) last closed at $483.01 ending the session unchanged.
• Cerebras Systems (NasdaqGS:CBRS) last closed at $231.01 down 11.8%.

In other trading, JoulWatt Technology (SHSE:688141) was a notable mover up 5.3% and ending the day at CN¥143.00. In the meantime, Cerebras Systems (NasdaqGS:CBRS) softened, down 11.8% to end trading at $231.01. This week, Cerebras announced powering the new Ultrafast mode for GPT-5.6 Sol, offering up to 14x faster processing than its standard counterpart.

Best AI Chip Stocks

• Micron Technology (NasdaqGS:MU) closed at $949.83 up 4.2%. On Wednesday, the company launched its largest investment fund to date, focusing on AI's future technology stack, while facing a simultaneous new legal challenge from Netlist involving patent infringements.
• NVIDIA (NasdaqGS:NVDA) finished trading at $225.30 up 0.5%, near its 52-week high. NVIDIA recently achieved Exemplar Cloud status with IREN Limited three days ago, demonstrating its capability to support demanding AI workloads.
• Broadcom (NasdaqGS:AVGO) settled at $417.82 up 0.4%. Broadcom presented at the OCP APAC Summit in Taipei, three days ago.

Next Steps

• Discover the full array of 122 AI Chip Stocks, featuring Advanced Micro-Fabrication Equipment China, MetaX Integrated Circuits (Shanghai) and Maxone Semiconductor (Suzhou), right here.
• Seeking Other Investments? AI is about to change healthcare. These 133 stocks are working on everything from early diagnostics to drug discovery. The best part - they are all under $10b in market cap - there's still time to get in early.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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