Law Offices of Howard G. Smith announces an investigation on behalf of Cerebras Systems Inc. (“Cerebras” or the “Company”) (NASDAQ: CBRS) investors concerning the Company’s possible violations of federal securities laws.

IF YOU ARE AN INVESTOR WHO SUFFERED A LOSS IN CEREBRAS SYSTEMS INC. (CBRS), CONTACT THE LAW OFFICES OF HOWARD G. SMITH ABOUT POTENTIALLY PURSUING CLAIMS TO RECOVER YOUR LOSS.

Contact the Law Offices of Howard G. Smith to discuss your legal rights by email at howardsmith@howardsmithlaw.com, by telephone at (215) 638-4847 or visit our website at www.howardsmithlaw.com.

What Happened?

On May 14, 2026, Cerebras conducted its initial public offering (“IPO”), selling 30 million shares of common stock at $185.00 per share.

On June 24, 2026, Cerebras released its first quarter 2026 financial results, missing estimates, and disclosing that “[f]or the rest of 2026, in order to accelerate [the Company’s] ability to service the significant near-term demand in [its] contracted backlog, [it has] chosen to make more capacity available sooner by temporarily renting [its] own systems back from an existing customer while [it] aggressively build[s] out and deploy[s] [its] own data center capacity.” Further, the Company revealed that “[t]he additional cost of renting third-party capacity will depress core Cloud and other services margin temporarily from current levels.”

On this news, Cerebra’s stock price fell $44.46, or 19.6%, to close at $182.26 per share on June 24, 2026, thereby injuring investors.

Contact Us To Participate or Learn More:

If you purchased Cerebras securities, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact us:

Law Offices of Howard G. Smith,
3070 Bristol Pike, Suite 112,
Bensalem, Pennsylvania 19020,
Telephone: (215) 638-4847
Email: howardsmith@howardsmithlaw.com,
Visit our website at: www.howardsmithlaw.com.

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