Cerebras Systems Inc. (NASDAQ:CBRS – Get Free Report) shares were down 6.7% during mid-day trading on Thursday . The stock traded as low as $247.00 and last traded at $249.15. Approximately 2,634,503 shares traded hands during trading, a decline of 72% from the average daily volume of 9,367,594 shares. The stock had previously closed at $266.90.
Analyst Ratings Changes
Separately, Wall Street Zen raised shares of Cerebras Systems to a “sell” rating in a research note on Saturday, May 23rd.
Read Our Latest Stock Analysis on Cerebras Systems
Cerebras Systems Stock Performance
Cerebras Systems Company Profile
Cerebras Systems is a technology company focused on building artificial intelligence infrastructure, including hardware and software designed to accelerate deep learning and large-scale AI workloads. The company is best known for its wafer-scale processor architecture, which is intended to provide high-performance compute for training and inference applications.
In addition to its AI chips, Cerebras offers systems and related software tools that support researchers and enterprises working with machine learning models.
Further Reading
- Five stocks we like better than Cerebras Systems
- Snowflake and the Snowballing Impact of its AI Flywheel
- AI’s Biggest Bottleneck Could Make These 2 Stocks Soar
- These 3 Beaten-Down Stocks Just Saw $25 Million in Insider Buying
- IREN Is Flipping the Switch from Bitcoin to AI
Receive News & Ratings for Cerebras Systems Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cerebras Systems and related companies with MarketBeat.com's FREE daily email newsletter.
