Cerebras Systems shares jump 10.1% on announcement of Oracle Cloud Infrastructure partnership
CBRS Cerebras Systems Inc
$93.66 -3.14%
View chart & analysis → - 1Cerebras Systems announced plans to provide fast inference services to Oracle Cloud Infrastructure (OCI) customers.
- 2Cerebras Systems shares surged as much as 11.2% during Tuesday's trading session.
- 3Cerebras Systems' second-quarter cloud revenue reached $128,000,000, a 287% increase from the previous year.
So what's the key point?
Cerebras Systems decided to team up with Oracle's cloud services. Following this news, the stock price rose 10.1%, drawing market attention.
Source The Motley Fool +2 · View original ↗
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