Cerebras Systems Inc. (CBRS) Securities Fraud Investigation - Levi & Korsinsky

NEW YORK, NY / ACCESS Newswire / November 1, 2026 / Levi & Korsinsky notifies investors that it has commenced an investigation into Cerebras Systems Inc. ("Cerebras Systems Inc.") (NASDAQ:CBRS) concerning potential violations of the federal securities laws.

Cerebras Systems Inc. shares fell roughly 5.7% after Culper Research disclosed a short position and published a report alleging that the Company's wafer-scale AI processors could fail within approximately 1.5-2.5 years. The allegations challenge statements made in SEC filings and earnings calls regarding technology durability and reliability. In a DRS filing on June 17, 2024, the Company stated its packaging technique was "designed to enable reliable and high performance in all workload scenarios" and disclosed that it warrants products for one to two years, while its warranty provisions increased from approximately $538,000 in 2022 to approximately $3.633 million in 2023. On a Q1 2026 earnings call on June 23, 2026, Chief Executive Officer Andrew Feldman stated that issues involving thermal expansion, power delivery, and cooling were "solved years ago." Later, during the Q2 2026 earnings call on August 12, 2026, Chief Executive Officer Andrew Feldman stated that "it takes millions of system hours of production hardening to get to the point where one can deliver hyperscale quality and reliability." On the same call, Chief Financial Officer Robert Komin projected that core gross margin would trend towards 60% plus in 2027. The investigation concerns whether Cerebras Systems Inc. adequately disclosed risks regarding processor durability, failure rates, and warranty costs ahead of the Culper Research report.

If you suffered a loss on your Cerebras Systems Inc. securities and would like to explore a potential recovery under the federal securities laws, Learn More About the Investigation or contact Joseph E. Levi, Esq. via email at [email protected] or call (212)363-7500 to speak to our team of experienced shareholder advocates.

WHY LEVI & KORSINSKY: Over the past 20 years, Levi & Korsinsky LLP has established itself as a nationally-recognized securities litigation firm that has secured hundreds of millions of dollars for aggrieved shareholders and built a track record of winning high-stakes cases. The firm has extensive expertise representing investors in complex securities litigation and a team of over 70 employees to serve our clients. For seven years in a row, Levi & Korsinsky has ranked in ISS Securities Class Action Services' Top 50 Report as one of the top securities litigation firms in the United States. Attorney Advertising. Prior results do not guarantee similar outcomes.

CONTACT:

Levi & Korsinsky, LLP

Joseph E. Levi, Esq.

Ed Korsinsky, Esq.

33 Whitehall Street, 27th Floor

New York, NY 10004

[email protected]

Tel: (212)363-7500

Fax: (212)363-7171

SOURCE: Levi & Korsinsky, LLP