Cerebras Systems Inc. (NASDAQ:CBRS – Get Free Report)’s share price fell 9.6% on Wednesday . The company traded as low as $213.55 and last traded at $213.73. 2,288,498 shares were traded during mid-day trading, a decline of 72% from the average session volume of 8,128,629 shares. The stock had previously closed at $236.52.
Wall Street Analyst Weigh In
Separately, Wall Street Zen upgraded shares of Cerebras Systems from a “sell” rating to a “hold” rating in a report on Sunday, May 31st.
Read Our Latest Stock Analysis on Cerebras Systems
Cerebras Systems Price 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.
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