Why Cerebras Stock Is Skyrocketing Today
This AI stock is winding down June on a bullish note.
Overview
After plunging more than 29% last week, Cerebras (NASDAQ: CBRS) stock is off to a bullish start this week. The semiconductor specialist that designs chips for artificial intelligence (AI) applications had no news to report. Yet, investors are taking note of a well-known growth investor's recent purchase of Cerebras stock.
As of 3:14 p.m. ET, shares of Cerebras are up 18.6%.
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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.