Cerebras, an AI chip manufacturer, increased by 7 per cent and significantly expanded its European operations

On 9 July, Cerebras Systems (CBRS.US), an AI chip manufacturer, increased by over 7 per cent, reaching a maximum of $195.065. On the news, Cerebras Systems is significantly expanding its European operations and plans to launch the first regional data centre in the region by 2026. Cerebras intends to invest billions of dollars in Europe as part of this expansion. The company indicated that it would rapidly build infrastructure in France and the Nordic region, with the goal of achieving a total installed capacity of 200 MW by the end of 2027。