Cerebras surges 13% after beat and Microsoft deal, CNBC
CNBC reported Nov 12, 21:23 UTC that Cerebras surged 13% after beating on quarterly revenue and announcing a new deal with Microsoft; CNBC said the company had partnered with Amazon and Oracle.
What happened
CNBC reported Nov 12, 21:23 UTC that Cerebras surged 13% after beating on quarterly revenue and announcing a new deal with Microsoft. The headline framed the move as tied to a revenue beat and the Microsoft agreement.
CNBC's summary said the Microsoft deal came after Cerebras had partnered with major cloud providers Amazon and Oracle. The report thus concerns Cerebras Systems and the cloud providers Microsoft, Amazon and Oracle.
Stocks market context
As of Nov 12, 21:00 UTC, prices and moves are shown from the prior close (Finnhub). The SPY ETF was $757.12 and fell 0.35%, the QQQ ETF was $688.17 and fell 0.32%, NVIDIA was $166.19 and fell 4.34%, Apple was $354.88 and fell 0.21%, Microsoft was $523.00 and rose 0.36%, Amazon was $267.44 and rose 0.48%, Alphabet was $298.70 and rose 1.79%, Meta Platforms was $623.61 and fell 0.82%, Tesla was $397.45 and rose 1.69%, and JPMorgan Chase was $342.82 and fell 0.17%.
| Instrument | Last | Change | Basis | As of | Source |
|---|---|---|---|---|---|
| S&P 500 (via SPY ETF) | $757.12 | -0.35% | vs prior close | Nov 12, 21:00 UTC | Finnhub |
| Nasdaq 100 (via QQQ ETF) | $688.17 | -0.32% | vs prior close | Nov 12, 21:00 UTC | Finnhub |
| NVIDIA | $166.19 | -4.34% | vs prior close | Nov 12, 21:00 UTC | Finnhub |
| Apple | $354.88 | -0.21% | vs prior close | Nov 12, 21:00 UTC | Finnhub |
| Microsoft | $523.00 | +0.36% | vs prior close | Nov 12, 21:00 UTC | Finnhub |
| Amazon | $267.44 | +0.48% | vs prior close | Nov 12, 21:00 UTC | Finnhub |
| Alphabet | $298.70 | +1.79% | vs prior close | Nov 12, 21:00 UTC | Finnhub |
| Meta Platforms | $623.61 | -0.82% | vs prior close | Nov 12, 21:00 UTC | Finnhub |
| Tesla | $397.45 | +1.69% | vs prior close | Nov 12, 21:00 UTC | Finnhub |
| JPMorgan Chase | $342.82 | -0.17% | vs prior close | Nov 12, 21:00 UTC | Finnhub |
Related coverage
Yahoo published 'Nvidia Is Back Below $4 Trillion, and Microsoft Just Passed It.' Yahoo also ran 'Microsoft Stock At $521: Anthropic's Landlord, Customer And Rival?' and 'Anthropic IPO Or Amazon, Google, Microsoft Stock?'.
- Cerebras surges 13% after beating on quarterly revenue and announcing Microsoft deal — CNBC, Nov 12, 21:23 UTC
- Anthropic IPO Or Amazon, Google, Microsoft Stock? — Yahoo, Nov 12, 09:42 UTC
- These ETFs Cast a Wide Net—and Are Beating the S&P 500 — Yahoo, Nov 12, 11:00 UTC
- Nvidia Is Back Below $4 Trillion, and Microsoft Just Passed It — Yahoo, Nov 12, 14:13 UTC
- Microsoft Stock At $521: Anthropic's Landlord, Customer And Rival? — Yahoo, Nov 12, 12:02 UTC
Sources and data
- CNBC (secondary source) — Cerebras surges 13% after beating on quarterly revenue and announcing Microsoft deal
- Yahoo (secondary source) — Anthropic IPO Or Amazon, Google, Microsoft Stock?
- Finnhub (market data) — market data
Market data as of Nov 12, 21:00 UTC; report generated Nov 12, 21:51 UTC. All times are UTC. Each table row shows its own timestamp and provider.
This report was produced by the MarketAlleys Research Desk using automated data processing and language tools from the sources listed above, and checked against our automated-content validation rules. It is for information only and is not investment advice.
Terms in this article
Price-to-earnings ratio (P/E)
Share price divided by earnings per share.
Exchange-traded fund (ETF)
A fund that trades on a stock exchange like a share, usually tracking an index, sector, commodity or strategy.
S&P 500
A float-adjusted, market-cap-weighted index of about 500 leading US companies selected by a committee at S&P Dow Jones Indices.
Initial public offering (IPO)
The first sale of a company's shares to the public, after which they trade on an exchange.
Sources & data
- CNBC (secondary, retrieved Nov 12, 2026, 09:52 PM UTC)
- Yahoo (secondary, retrieved Nov 12, 2026, 09:52 PM UTC)
- Finnhub (market-data, retrieved Nov 12, 2026, 09:52 PM UTC)
Market data as of Nov 12, 2026, 09:00 PM UTC.
This report was produced by the MarketAlleys Research Desk using automated data processing and language tools, built only from the cited sources and validated by rules described in our methodology. Spot an error? Request a correction.
Ask about this story
Questions are answered only from this article and the sources it cites.
MarketAlleys provides news and analysis for information only; it is not investment advice or a recommendation to buy or sell any security. Markets involve risk. Risk disclaimer.
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