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Cerebras Opened at $350 -- Nearly Double Its IPO Price -- Then Pulled Back 20% the Next Day. Is Cerebras Stock a Buy or a Trap?
The Motley Fool·
Cerebras Systems went public on May 14 at $350, nearly double its $185 IPO price, but fell 20% the next day and has since declined over 42% to $201. While the AI semiconductor company has impressive growth and partnerships with OpenAI, Amazon, and Meta, the article cautions investors to watch from the sidelines due to limited customer concentration, history of losses, and heavy investment needs.
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