Cerebras Systems Inc. (NASDAQ:CBRS – Get Free Report) reached a new 52-week low during mid-day trading on Friday . The company traded as low as $204.39 and last traded at $204.4260, with a volume of 2269054 shares. The stock had previously closed at $215.40.
Analyst Ratings Changes
Separately, Wall Street Zen upgraded shares of Cerebras Systems from a “sell” rating to a “hold” rating in a research note on Sunday, May 31st.
Check Out Our Latest Stock Analysis on Cerebras Systems
Cerebras Systems Price Performance
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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