New York, New York--(Newsfile Corp. - July 31, 2026) - Kaplan Fox &amp; Kilsheimer LLP is investigating potential securities violations against Cerebras Systems Inc.  (&#34;Cerebras&#34; or the &#34;Company&#34;)

<p>New York, New York--(Newsfile Corp. - July 31, 2026) - <a href="https://api.newsfilecorp.com/redirect/LqwPKhDLN7">Kaplan Fox &#38; Kilsheimer LLP</a> is investigating potential securities violations against Cerebras Systems Inc.  ("Cerebras" or the "Company") (NASDAQ:<a class="ticker" href="https://www.benzinga.com/quote/CBRS">CBRS</a>).</p><p style="text-align: center;"><a href="https://api.newsfilecorp.com/redirect/oPrb0SvPNj">CLICK HERE TO RECEIVE MORE INFORMATION ABOUT THIS INVESTIGATION</a></p><p><b>If you are a Cerebras investor and have suffered losses, or if you have information that could assist in the Cerebras investigation, you may </b><a href="https://api.newsfilecorp.com/redirect/OAYp7s3Z0V"><b>CLICK HERE</b></a><b> to contact us. You may also contact Kaplan Fox by emailing </b><a href="mailto:jcampisi@kaplanfox.com"><b>jcampisi@kaplanfox.com</b></a><b> or by calling (212) 329-8571.</b></p><p>Cerebras is an artificial intelligence (AI) infrastructure company that designs and manufactures AI compute platforms including processors and data centers. On or around May 14, 2026, Cerebras conducted an initial public offering ("IPO"), selling 30 million shares of Class A common stock at an offer price of $185 per share.</p><p>On June 23, 2026, after market close, Cerebras announced in a press release financial results for the first quarter of fiscal year 2026 and outlook for the second quarter of fiscal year 2026.  During the subsequent earnings call, the Chief Financial Officer stated that "[f]or the rest of 2026, in order to accelerate our ability to service the significant near-term demand in our contracted backlog, we've chosen to make more capacity available sooner by temporarily renting our own systems back from an existing customer while we aggressively build out and deploy our own data center capacity. The additional cost of renting third-party capacity will depress core cloud and other services margin temporarily from current levels. We expect the impact to be a decrease of 10 to 15 margin points based on the volumes we are now anticipating before beginning to [ramp back] towards our target margin of 60% plus as we transition away from our rented systems."</p><p>Following this news, the price of Cerebras stock declined from a closing price on June 23, 2026 of $226.72 to close at $182.26 per share on June 24, 2026, a decline of $44.26 per share, or by 19.61%.</p><p><b>WHY CONTACT KAPLAN FOX?</b></p><p>Kaplan Fox &#38; Kilsheimer LLP is a nationally recognized law firm focused on complex litigation, with offices in New York, Oakland, Los Angeles, Chicago, and New Jersey. Founded in 1956, the firm has spent more than 50 years prosecuting securities, antitrust, and consumer protection actions in federal and state courts nationwide, recovering more than $10 billion for clients and the classes it has represented.</p><p>Kaplan Fox is widely regarded as one of the nation's premier plaintiffs' securities litigation firms and has received recognition from Chambers and Partners, Benchmark Litigation, Super Lawyers, and Lawdragon. Serving as lead or co-lead counsel in many landmark cases, the firm has secured some of the largest recoveries in the history of securities litigation, including a $2.425 billion recovery on behalf of Bank of America shareholders in <i>In re Bank of America</i>&#8212;the largest recovery ever obtained for claims under Section 14(a) of the Securities Exchange Act&#8212;$800 million recovered for the Arkansas Teacher Retirement System and other pension funds in <i>ATRS v. Allianz Global Investors</i>, and a $475 million settlement in <i>In re Merrill Lynch</i>.</p><p>For decades, Kaplan Fox has represented public pension funds, institutional investors, businesses, and individuals in high-stakes litigation. Through its successful advocacy and precedent-setting victories, the firm has helped shape important areas of securities and corporate law while advancing accountability and protecting investor interests.</p><p>This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.</p><p>If you have any questions about this investigation, please contact:</p><div id="contactInfo"><p><b>CONTACT:</b><br />Jeffrey P. Campisi<br /><a href="https://api.newsfilecorp.com/redirect/Pq0Yehqv7W">KAPLAN FOX &#38; KILSHEIMER LLP</a><br />800 Third Avenue, 38th Floor<br />New York, New York 10022<br />(212) 329-8571<br /><a href="mailto:jcampisi@kaplanfox.com">jcampisi@kaplanfox.com</a></p><p>Laurence D. King<br /><a href="https://api.newsfilecorp.com/redirect/wEQb7srzLp">KAPLAN FOX &#38; KILSHEIMER LLP</a><br />1999 Harrison Street, Suite 1501<br />Oakland, California 94612<br />(415) 772-4704<br /><a href="mailto:lking@kaplanfox.com">lking@kaplanfox.com</a></p></div><p>Contacting or submitting information to Kaplan Fox &#38; Kilsheimer LLP does not create an attorney-client relationship, nor an obligation on the part of Kaplan Fox to retain you as a client.</p><p><a href="https://api.newsfilecorp.com/redirect/gJgWLTNrK2">https://www.kaplanfox.com/case/cerebras-systems-inc-investigation-learn-more-now/</a></p><p id="corporateNewsLogoContainer"><img src="https://images.newsfilecorp.com/files/12532/307028_74ac9a2e94786aad_logo.jpg" id="corporateNewsLogo" alt="Corporate Logo" /></p><p id="corporateLinkBack">To view the source version of this press release, please visit <a href="https://api.newsfilecorp.com/redirect/ppVbRI31No">https://www.newsfilecorp.com/release/307028</a></p><p><img src="https://api.newsfilecorp.com/newsinfo/307028/197" alt="" /></p>

CBRS

Kaplan Fox & Kilsheimer LLP Alerts Investors of Cerebras Systems Inc. (CBRS) to an Investigation of Potential Securities Law Violations

Kaplan Fox Investigation Into Cerebras Could Pressure CBRS Stock

<section class="insight" data-version="1">
  <section data-block="information">
    <h3>Information</h3>
    <p>New York, New York--(Newsfile Corp. - July 31, 2026) - Kaplan Fox &amp;amp; Kilsheimer LLP is investigating potential securities violations against Cerebras Systems Inc.  (&amp;#34;Cerebras&amp;#34; or the &amp;#34;Company&amp;#34;)</p>
  </section>

  <section data-block="ai-summary-paragraph">
    <h3>AI Summary</h3>
    <p>Kaplan Fox &amp; Kilsheimer LLP announced a securities investigation into Cerebras Systems (CBRS), signaling potential legal risk for investors. The release invites information but provides no concrete filings. Separately, Cerebras warned that renting third-party capacity would depress margins by 10-15 points in 2026 before ramping back to target levels, helping explain recent volatility and underscoring near-term overhang concerns.</p>
  </section>

  <section data-block="ai-summary-bullets">
    <h3>Key Points</h3>
    <ul><li>Kaplan Fox launches securities investigation into Cerebras (CBRS). Potential overhang risk for shares.</li><li>Cerebras IPO May 14, 2026; 30M Class A shares at $185.</li><li>June 23, 2026: Q1 results and Q2 outlook; CFO cites margin drag.</li><li>Stock fell 19.6% to $182.26 on June 24 after news.</li></ul>
  </section>

  <section data-block="companies-mentioned">
    <h3>Companies Mentioned</h3>
    <ul><li><strong>Cerebras Systems Inc. (CBRS)</strong>: Subject of the investigation; legal overhang could affect valuation and liquidity.</li><li><strong>Kaplan Fox &amp; Kilsheimer LLP (N/A)</strong>: Law firm leading the securities investigation; no attorney-client relationship implied.</li></ul>
  </section>

  <section data-block="category">
    <h3>Legal</h3>
    <p>Category: Legal. Fits as it reports an ongoing securities investigation and potential investor risk around CBRS; material implications would hinge on any formal action or disclosures.</p>
  </section>

  <section data-block="market-moving">
    <h3>Market-Moving</h3>
    <ul><li>CBRS fell ~19.6% after the June 23 earnings update and margin guidance.</li><li>Law-firm investigation adds legal overhang with no formal filing yet.</li><li>CFO guidance implies a 10-15 point margin drag in 2026 before ramp.</li></ul>
  </section>

  <section data-block="key-facts">
    <h3>Key Facts</h3>
    <ul><li>IPO date: May 14, 2026; Cerebras sold 30 million Class A shares.</li><li>Offer price: $185 per share.</li><li>June 23, 2026: Q1 FY2026 results and Q2 outlook announced.</li><li>CFO: 2026 margin drag of 10-15 points due to renting capacity.</li><li>June 24, 2026: CBRS closes at $182.26, down 19.61% from $226.72.</li></ul>
  </section>

  <section data-block="trading-thesis">
    <h3>Trading Thesis</h3>
    <p>Near-term CBRS downside risk exists on legal overhang; wait for any formal filings before trading decisively.</p>
  </section>
</section>


<p>New York, New York--(Newsfile Corp. - July 31, 2026) - <a href="https://api.newsfilecorp.com/redirect/LqwPKhDLN7">Kaplan Fox &#38; Kilsheimer LLP</a> is investigating potential securities violations against Cerebras Systems Inc.  ("Cerebras" or the "Company") (NASDAQ:<a class="ticker" href="https://www.benzinga.com/quote/CBRS">CBRS</a>).</p><p style="text-align: center;"><a href="https://api.newsfilecorp.com/redirect/oPrb0SvPNj">CLICK HERE TO RECEIVE MORE INFORMATION ABOUT THIS INVESTIGATION</a></p><p><b>If you are a Cerebras investor and have suffered losses, or if you have information that could assist in the Cerebras investigation, you may </b><a href="https://api.newsfilecorp.com/redirect/OAYp7s3Z0V"><b>CLICK HERE</b></a><b> to contact us. You may also contact Kaplan Fox by emailing </b><a href="mailto:jcampisi@kaplanfox.com"><b>jcampisi@kaplanfox.com</b></a><b> or by calling (212) 329-8571.</b></p><p>Cerebras is an artificial intelligence (AI) infrastructure company that designs and manufactures AI compute platforms including processors and data centers. On or around May 14, 2026, Cerebras conducted an initial public offering ("IPO"), selling 30 million shares of Class A common stock at an offer price of $185 per share.</p><p>On June 23, 2026, after market close, Cerebras announced in a press release financial results for the first quarter of fiscal year 2026 and outlook for the second quarter of fiscal year 2026.  During the subsequent earnings call, the Chief Financial Officer stated that "[f]or the rest of 2026, in order to accelerate our ability to service the significant near-term demand in our contracted backlog, we've chosen to make more capacity available sooner by temporarily renting our own systems back from an existing customer while we aggressively build out and deploy our own data center capacity. The additional cost of renting third-party capacity will depress core cloud and other services margin temporarily from current levels. We expect the impact to be a decrease of 10 to 15 margin points based on the volumes we are now anticipating before beginning to [ramp back] towards our target margin of 60% plus as we transition away from our rented systems."</p><p>Following this news, the price of Cerebras stock declined from a closing price on June 23, 2026 of $226.72 to close at $182.26 per share on June 24, 2026, a decline of $44.26 per share, or by 19.61%.</p><p><b>WHY CONTACT KAPLAN FOX?</b></p><p>Kaplan Fox &#38; Kilsheimer LLP is a nationally recognized law firm focused on complex litigation, with offices in New York, Oakland, Los Angeles, Chicago, and New Jersey. Founded in 1956, the firm has spent more than 50 years prosecuting securities, antitrust, and consumer protection actions in federal and state courts nationwide, recovering more than $10 billion for clients and the classes it has represented.</p><p>Kaplan Fox is widely regarded as one of the nation's premier plaintiffs' securities litigation firms and has received recognition from Chambers and Partners, Benchmark Litigation, Super Lawyers, and Lawdragon. Serving as lead or co-lead counsel in many landmark cases, the firm has secured some of the largest recoveries in the history of securities litigation, including a $2.425 billion recovery on behalf of Bank of America shareholders in <i>In re Bank of America</i>&#8212;the largest recovery ever obtained for claims under Section 14(a) of the Securities Exchange Act&#8212;$800 million recovered for the Arkansas Teacher Retirement System and other pension funds in <i>ATRS v. Allianz Global Investors</i>, and a $475 million settlement in <i>In re Merrill Lynch</i>.</p><p>For decades, Kaplan Fox has represented public pension funds, institutional investors, businesses, and individuals in high-stakes litigation. Through its successful advocacy and precedent-setting victories, the firm has helped shape important areas of securities and corporate law while advancing accountability and protecting investor interests.</p><p>This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.</p><p>If you have any questions about this investigation, please contact:</p><div id="contactInfo"><p><b>CONTACT:</b><br />Jeffrey P. Campisi<br /><a href="https://api.newsfilecorp.com/redirect/Pq0Yehqv7W">KAPLAN FOX &#38; KILSHEIMER LLP</a><br />800 Third Avenue, 38th Floor<br />New York, New York 10022<br />(212) 329-8571<br /><a href="mailto:jcampisi@kaplanfox.com">jcampisi@kaplanfox.com</a></p><p>Laurence D. King<br /><a href="https://api.newsfilecorp.com/redirect/wEQb7srzLp">KAPLAN FOX &#38; KILSHEIMER LLP</a><br />1999 Harrison Street, Suite 1501<br />Oakland, California 94612<br />(415) 772-4704<br /><a href="mailto:lking@kaplanfox.com">lking@kaplanfox.com</a></p></div><p>Contacting or submitting information to Kaplan Fox &#38; Kilsheimer LLP does not create an attorney-client relationship, nor an obligation on the part of Kaplan Fox to retain you as a client.</p><p><a href="https://api.newsfilecorp.com/redirect/gJgWLTNrK2">https://www.kaplanfox.com/case/cerebras-systems-inc-investigation-learn-more-now/</a></p><p id="corporateNewsLogoContainer"><img src="https://images.newsfilecorp.com/files/12532/307028_74ac9a2e94786aad_logo.jpg" id="corporateNewsLogo" alt="Corporate Logo" /></p><p id="corporateLinkBack">To view the source version of this press release, please visit <a href="https://api.newsfilecorp.com/redirect/ppVbRI31No">https://www.newsfilecorp.com/release/307028</a></p><p><img src="https://api.newsfilecorp.com/newsinfo/307028/197" alt="" /></p>

Kaplan Fox & Kilsheimer LLP announced a securities investigation into Cerebras Systems (CBRS), signaling potential legal risk for investors. The release invites information but provides no concrete filings. Separately, Cerebras warned that renting third-party capacity would depress margins by 10-15 points in 2026 before ramping back to target levels, helping explain recent volatility and underscoring near-term overhang concerns.

News insight

Kaplan Fox & Kilsheimer LLP Alerts Investors of Cerebras Systems Inc. (CBRS) to an Investigation of Potential Securities Law Violations

AI summary

Sentiment rationale

Key facts

Legal