Shares of Cerebras Systems Inc. (NASDAQ:CBRS – Get Free Report) reached a new 52-week low during trading on Friday . The stock traded as low as $204.39 and last traded at $204.4260, with a volume of 2269054 shares changing hands. The stock had previously closed at $215.40.
Wall Street Analyst Weigh In
Separately, Wall Street Zen raised shares of Cerebras Systems from a “sell” rating to a “hold” rating in a report on Sunday, May 31st.
View Our Latest Research Report on CBRS
Cerebras Systems Trading Down 6.8%
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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