The A.I. Daily
AI chip IPO Cerebras down 52%, Wall Street still bullish
Cerebras closed its May debut at $311.07, 68% above its IPO price, but the stock has since fallen 52%. Its wafer-scale chips have drawn OpenAI inference work and an AWS pairing with Trainium; a disappointing Q2 report sent shares down 20%, yet the median analyst target is about double the current price.