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Barchart
Barchart
Patrick Sanders

Cerebras Stock Has Been a Bust Since Its IPO. That Could Be About to Change.

Cerebras Sam Altman OpenAI IPO Nvidia AMD AWS CBRS

Few artificial intelligence stocks needed a jolt of good news this week as badly as Cerebras Systems (CBRS). The chipmaker, which competes with Nvidia (NVDA) and other chip stocks, is down a whopping 58% from its all-time high set shortly after its initial public offering in May. Trading at $162 at this writing, Cerebras stock is lower than the company’s IPO price of $185, and its first few months as a publicly traded entity have been a bitter disappointment for shareholders.

But the stock got a boost on Monday after OpenAI CEO Sam Altman pushed back against concerns about the relationship between the two companies.

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