Cerebras stock jumps 23% on surprise profit, forecast hike, easing AI spending worries

Cerebras Systems experienced a 23% increase in stock prices after announcing adjusted revenue guidance for 2026. The company reported a quarterly profit of $29.82 million, surpassing analysts' expectations of a loss. Cerebras also revealed a significant rise in cloud and services revenue, driven in part by its OpenAI agreement. Additionally, the company has signed a cloud services deal with Microsoft…