Artificial intelligence (AI) infrastructure firm Cerebras Systems (CBRS) is set to host its Supernova event on Aug. 18, after reporting its Q2 results on Aug.12, after the market closes. Prior to that, Wedbush analysts have taken a bullish stance on Cerebras, maintaining an “Outperform” rating and a $280 price target (indicating a 19.3% upside from current levels).
Analyst Matt Bryson believes the event is likely to be the venue for launching WSE-4, the newest iteration of its Wafer Scale Engine (WSE) specialized processor. This is expected to boost performance compared to the WSE-3, which could lift pricing and margins.