OpenAI CEO Sam Altman says Cerebras is a “close partner,” and the chipmaker’s shares rise in response. CNBC reports Cerebras stock climbs in premarket trading following Altman’s remarks.

The update comes after recent volatility around Cerebras’ relationship with OpenAI. Quartz notes Cerebras shares had fallen about 20% the prior week after OpenAI selected Nvidia chips to power a new feature in its GPT-6.1 Sol series. Against that backdrop, Altman’s comments are described across outlets as reassuring to investors.

Overall coverage emphasizes the immediate market reaction and the broader context of shifting chip choices. While Seeking Alpha frames the comments as supportive for Cerebras’ prospects in speed, the other outlets focus more on the timing—after a recent drop—rather than on detailed technical claims. Despite differing emphasis, all accounts tie Altman’s “close partner” characterization to the stock’s upward move.