On July 9, Cerebras Systems rose 5.05% in regular trading, trading at $194.12/share, with turnover of $216 million.

On the news front, the company announced two major expansion initiatives on the same day. First, Cerebras expanded its manufacturing partnership with contract manufacturing giant Flex to boost production of its CS-3 AI accelerator systems at Flex's Milpitas, California facility. The collaboration includes new production lines and additional floor space, expected to increase CS-3 production capacity approximately 7 times this year. Second, the company unveiled plans to invest billions of dollars in European AI infrastructure, targeting its first regional data center by year-end, with total European compute capacity reaching 200 megawatts by the end of next year, focusing on Norway and Finland as core build-out regions.

The dual expansion strengthens both domestic supply chain capacity and overseas compute deployment, complementing the previously announced multi-year partnership with OpenAI valued at over $20 billion, providing medium-term revenue growth support.

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