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Cerebras Stock Drops, Hints at Rebound | Markets & Money News
Cerebras Systems, an AI chipmaker, recently saw its stock plunge 72% since going public in May, but its innovative Wafer-Scale Engine chip could boost its competitiveness in AI computing. With $25 billion in contracts and existing partnerships with OpenAI and AWS, the company's growth potential looks promising. Current shares are trading at around $107, with analysts predicting a target near $209, suggesting nearly 91% upside. As Cerebras navigates its challenges, it remains a noteworthy player
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