Cerebras Systems Inc. shares rose on Thursday after the company disclosed expansions in its European operations, planning to bring its first European data center capacity online by the end of 2026 and expand total capacity to 200 MW by the end of 2027. The company is actively building data centers in Norway and Finland, with a portion of the new capacity expected to support OpenAI workloads. Cerebras recently disclosed a multi-year deal with OpenAI valued at more than $20 billion, covering 750 megawatts of high-speed inference compute, and launched a multi-year partnership with AWS combining AWS’s Trainium 3 chips with Cerebras CS-3 systems. Last month, Cerebras reported an adjusted loss of 4 cents per share, beating the consensus estimate of a 16-cent loss, and revenue of $193.40 million, beating the consensus estimate of $181.59 million. The company sees second-quarter revenue of $194.00 million and anticipates fiscal-year revenue between $855.00 million and $865.00 million. The stock carries a Buy rating with an average price forecast of $291.09. Cerebras Systems shares were up 7.09% at $188.93 at the time of publication on Thursday.