1. Nvidia
One of the most obvious alternatives for prospective Cerebras investors is AI stalwart Nvidia (NVDA +2.33%), arguably Cerebras' most formidable competitor. With its Hopper Tensor Core GPU (graphic processing units), Nvidia was already an industry leader in supporting AI computing.
However, Nvidia upped its AI game in March 2024 with its X800 series network switches. The company characterizes the X800 switches as "end-to-end networking platforms that enable us to achieve trillion-parameter-scale generative AI essential for new AI infrastructures."
Despite its commanding position -- the company's market capitalization exceeded $4.45 trillion in December 2025 -- there's still a general consensus among investors that Nvidia has plenty of opportunities for growth ahead of it.
And since it generates massive amounts of cash, it represents an AI investment opportunity at the lower end of the risk spectrum. In fiscal year 2025, for instance, Nvidia reported a free cash flow of $60.7 billion.
2. Qualcomm
Instead of a competitor, investors may feel more compelled to pick up shares of a collaborator. Qualcomm (QCOM +1.45%) has partnered with Cerebras, allowing investors to indirectly gain exposure to the privately held company.
In March 2024, Cerebras announced it had selected Qualcomm's Cloud AI 100 Ultra, an AI inference card designed specifically for generative AI and large language models, to be used with its CS-3 AI accelerators for training to provide a superior AI solution.
Simply branding Qualcomm as an AI company would be giving it short shrift. As a leading semiconductor company, Qualcomm provides wireless solutions found in numerous applications, including smartphones, vehicles, and devices operating on the Internet of Things.
The company has a variety of available growth opportunities. While investors wait for these to play out, they can reap the rewards of the company's dividend, which had a forward yield of 2.24% as of September 2025.
3. Astera Labs
Instead of waiting for Cerebras to hold its IPO, investors can opt for an AI-oriented semiconductor stock that recently held its IPO -- a stock like Astera Labs (ALAB +9.62%). The company offers its Intelligent Connectivity Platform to meet the connectivity demands of AI and cloud infrastructures.
Already, the company has secured some industry leaders as customers, including Advanced Micro Devices' (AMD -0.67%), Intel (INTC -0.21%), and Nvidia.
The company posted revenue of $191.9 million in the second quarter of 2025, up 150% year over year.
How to buy stocks similar to Cerebras
Here's a brief guide on how to buy stocks similar to Cerebras.
- Open your brokerage account: Log in to your brokerage account where you handle your investments.
- Search for the stock: Enter the ticker or company name into the search bar to bring up the stock's trading page.
- Decide how many shares to buy: Consider your investment goals and how much of your portfolio you want to allocate to this stock.
- Select order type: Choose between a market order to buy at the current price or a limit order to specify the maximum price you're willing to pay.
- Submit your order: Confirm the details and submit your buy order.
- Review your purchase: Check your portfolio to ensure your order was filled as expected and adjust your investment strategy accordingly.
