Cerebras Systems Inc. (NASDAQ:CBRS – Get Free Report) shares dropped 6.7% during trading on Thursday . The company traded as low as $247.00 and last traded at $249.15. Approximately 2,634,503 shares traded hands during trading, a decline of 72% from the average daily volume of 9,367,594 shares. The stock had previously closed at $266.90.
Analyst Upgrades and Downgrades
Separately, Wall Street Zen raised shares of Cerebras Systems to a “sell” rating in a research note on Saturday, May 23rd.
Check Out Our Latest Stock Report on CBRS
Cerebras Systems Price Performance
About Cerebras Systems
Cerebras Systems is a technology company focused on building artificial intelligence infrastructure, including hardware and software designed to accelerate deep learning and large-scale AI workloads. The company is best known for its wafer-scale processor architecture, which is intended to provide high-performance compute for training and inference applications.
In addition to its AI chips, Cerebras offers systems and related software tools that support researchers and enterprises working with machine learning models.
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