Cerebras Stock Is Up 11% Since Its IPO. Is It a Buy?
This AI chipmaker and cloud services provider has a bright future.
Overview
Cerebras (NASDAQ: CBRS), a producer of AI chips, went public at $185 per share on May 14. Its stock opened at $350, but it now trades at about $205. That's still 11% above its IPO price, but investors who chased its post-IPO gains are now underwater. Let's see why Cerebras' stock fizzled out -- and if it's worth buying today.
Image source: Getty Images.
Cerebras doesn't produce small GPUs like Nvidia (NASDAQ: NVDA). Instead, it builds massive AI processors on a single silicon wafer without cutting them into individual chips. Cerebras chips are as big as dinner plates, while Nvidia's GPUs are the size of postage stamps.
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Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.