Cerebras Systems

Cerebras's stock climbed in premarket trading by up to 8.1 percent after OpenAI chief Sam Altman emphasized the close partnership and joint work on higher speed. Earlier the price had fallen about 20 percent within a week, triggered by reports that OpenAI runs GPT‑6.1’s ultrafast mode on Nvidia chips. Analysts view the pullback as partly overdone but remain cautious, since Altman’s remark contained no new commitments or volumes and the lock-up period for major shareholders has expired. » Plus sur deraktionaer.de

Cerebras shares closed about 20% lower, trading as low as since the IPO, after a report claimed OpenAI’s Ultrafast tier runs on NVIDIA GPUs rather than Cerebras hardware. Sam Altman called Cerebras a close partner but did not explicitly name the Ultrafast tier or NVIDIA, leaving uncertainty about Cerebras’s role. In addition, upcoming lock-up releases of roughly 19.4 million shares each and earlier insider sales are increasing supply pressure, though analysts still maintain buy ratings with an average price target of about $288.67. » Plus sur finanzen.net

Tiger Global purchased about 2.999 million shares of Cerebras Systems, making the AI chipmaker one of its largest new positions after citing Cerebras' wafer-scale processors and low-latency inference advantage. Bulls argue Cerebras' Wafer-Scale Engine can speed token generation and reduce inter-chip data movement for coding, reasoning and agent workloads, while Cerebras is not positioned to replace Nvidia across all AI use cases. The company reports a $25.4 billion backlog, but only around 22% of its remaining performance obligations are expected to convert to revenue within the next 24 months. » Plus sur finance.yahoo.com