Cerebras ($CBRS ) has experienced a sharp correction this week, with stock prices tumbling close to 20% to hit a new all-time low since its May IPO.
โ๐ What triggered the selloff?
โThe SemiAnalysis Report: Market jitters intensified following a recent report suggesting that OpenAI might lean towards Nvidia GPUs instead of Cerebras hardware for the upcoming "Ultrafast" mode of GPT-6.1 Sol.
โLockup Expiry Pressure: A massive wave of 19.4 million shares just became eligible for trading as post-IPO lockup restrictions expired, significantly ramping up short-term selling pressure.
โDespite these hurdles, itโs worth noting that OpenAI previously announced a major 750MW partnership with Cerebras, leaving investors eager to see how this strategic alliance unfolds moving forward.
โโก The AI chip war is heating up fastโNvidia vs. Cerebras is turning into one of the most intense battles in the tech world.
โ๐ Whatโs your take? Is this steep dip just a temporary shakeout, or a serious warning sign for $CBRS? Letโs discuss below!
#cerebrassinksnearly20%onreportnvidiatopoweropenai
$NVDA.US $SOL $NEAR Do you think this is a temporary selloff or a bigger warning for CBRS? ๐#CerebrasSinksNearly20%OnReportNvidiaToPowerOpenAI
