According to CoinMeta, Cerebras Systems (Nasdaq: CBRS)’s stock price rose by more than 17% during the extended trading on November 12th. This was due to the artificial intelligence chip manufacturer announcing a cloud service agreement with Microsoft, raising its annual revenue forecast, and also disclosing remaining performance obligations of $26.1 billion. Cerebras’s core revenue in the third quarter reached $230.9 million, a year-on-year increase of 70%. Core cloud and service revenue surged by 272% to $144.9 million, reflecting a rapid growth in demand for high-speed AI inference. Despite market uncertainties, Cerebras’s performance indicates that the demand for alternative AI computing technologies remains strong.