Cerebras Systems vs Nscale

Contrarian Investor Paul Meeks Recommends Buying Cerebras at 72% Discount

Contrarian tech investor Paul Meeks, Managing Director and Head of Technology Research at Freedom Capital Markets, reversed his stance on AI chipmaker Cerebras Systems. He had warned against buying the stock at its IPO and peak, but now sees a compelling opportunity after shares plunged roughly 72% from their high. Meeks highlights Cerebras's innovative Wafer-Scale Engine, which offers competitive advantages in AI inference. The company has about $25 billion in remaining performance obligations, including $20 billion tied to OpenAI, far exceeding its current quarterly core revenue of $210 million. Concerns about OpenAI using Nvidia chips are seen as overblown. Meeks sets a price target of $209, implying 91% upside, and expects revenue to triple to $2.8 billion by 2027.

• Cerebras Systems stock has fallen roughly 72% from its peak.
• Meeks sets a price target of $209, implying 91% upside from current levels.
• Cerebras has $25 billion in remaining performance obligations, including $20 billion from OpenAI.

Cerebras CEO dismisses AI doomsday warnings at Disrupt

At TechCrunch Disrupt 2026, Cerebras Systems CEO Andrew Feldman pushed back against the prevailing AI doomsday narrative, arguing that industry leaders are overemphasizing risks and neglecting the potential benefits. He suggested that some AI leaders 'maybe shouldn't be allowed to talk in public' due to their negative focus. Feldman highlighted AI's promise, such as a future where cancer deaths are eliminated, and urged a balanced approach: acknowledging power, being thoughtful, and regulating reasonably. He also criticized the data center industry's poor community engagement in the U.S., comparing it unfavorably to practices in other countries like Brazil and Finland. Despite efficiency improvements potentially reducing demand for his chips, Feldman remained confident in the continued need for advanced hardware from Cerebras and Nvidia competitors.

• Cerebras CEO Andrew Feldman spoke at TechCrunch Disrupt 2026.
• Feldman criticized AI doomsday warnings from other AI leaders.
• He cited a future where cancer deaths are eliminated as an AI benefit.

Cerebras CEO Predicts Home AI Assistants Are Near

At TechCrunch Disrupt 2026, Cerebras Systems CEO Andrew Feldman predicted that personal AI assistants will soon become as common as household appliances, running partly on local devices and partly in the cloud. He cited advances in consumer AI agents, such as Meta's Muse and Instinct, as evidence of AI's growing adoption. Feldman envisions these assistants will know users well, have security perimeters, and be able to make purchases on their behalf. As a chipmaker, he sees this trend as driving demand for AI infrastructure. He personally uses a collection of agents for scheduling and information retrieval, and prefers building platforms that enable other founders' ideas.

• Cerebras Systems CEO Andrew Feldman spoke at TechCrunch Disrupt 2026 in October 2026.
• Feldman predicts personal AI assistants running locally and in the cloud will become common in homes.
• He cited Meta's AI agents Muse and Instinct as examples of consumer AI finding foothold.

Aker CEO dismisses Microsoft Nscale contract loss as minor

The CEO of Aker ASA, Øyvind Eriksen, the largest investor in UK AI infrastructure startup Nscale, downplayed Microsoft's withdrawal from a data centre deal as a "minor contract". Speaking during Aker's Q3 results presentation, Eriksen reassured investors ahead of Nscale's planned US IPO targeting a $35bn valuation. He noted that since Nscale's Series C funding round, the company's activity and contract portfolio more than doubled, and the termination was expected. Microsoft cancelled the deal to lease compute capacity from Nscale's Essex data centre due to anticipated power supply issues. Nscale is reportedly close to a new multibillion-dollar deal with Anthropic, which would increase its commitment in West Virginia. Aker owns approximately 23% of Nscale, valued at $3.31bn based on the Series C valuation.

• Aker ASA CEO Øyvind Eriksen called Microsoft's cancellation of a data centre deal with Nscale a 'minor contract'.
• Aker owns approximately 23% of Nscale, valued at $3.31bn based on Nscale's Series C valuation.
• Microsoft cancelled the lease agreement due to expected power supply issues at Nscale's Essex data centre.

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