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Cerebras Systems (CBRS) stock jumped 13% in premarket trading after the AI chipmaker reported record third quarter revenue and raised its full-year outlook. The company's core revenue rose 70% year over year to $230.9 million while cloud revenue surged 272% to $144.9 million. The maker of AI chips, looking to compete with Nvidia (NVDA), said it sees fourth quarter core revenue of $310 million to $330 million, versus Wall Street consensus estimates of $271.2 million. The company also announced commercial deals with two new hyperscalers, or large cloud computing providers that operate data centers. One is among the world's top three, with Cerebras saying it would share more details about the deal next year.
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