Cerebras Jumps 4% After AMD Taps Its Chips for Helios AI Systems
Updated
Updated · CNBC · Jul 23
Cerebras Jumps 4% After AMD Taps Its Chips for Helios AI Systems
3 articles · Updated · CNBC · Jul 23
Summary
Cerebras rose about 4% to $219.80 after AMD said Cerebras chips will be used in Helios AI systems installed in Cerebras data centers starting later this year.
AMD and Cerebras also said server buyers will be able to configure AMD systems with Cerebras' wafer-scale chips, extending the partnership beyond AMD's own deployments.
The companies pitched the tie-up around ultra-low-latency AI, claiming their combined system can deliver five times more tokens per second per watt than rivals.
The deal adds momentum for Cerebras, which went public in May at $185, swung as high as $386.34, fell below $161 in late June, and in January announced a more than $10 billion OpenAI computing agreement through 2028.