Cerebras Systems (CBRS) stock has witnessed some volatility since listing in May 2026. After an initial rally to 52-week highs of $386, CBRS stock touched lows of $160.8. However, in what seems like profit booking after the IPO, the stock has crawled higher to current levels of $252.
With Cerebras recently reporting Q2 numbers, there appears to be an increase in investor interest in this AI infrastructure company. Chase Coleman III's Tiger Global Management has initiated new positions in Cerebras Systems with the addition of three million shares with a market value of $663 million.