AI Business
18h ago
Cerebras stock declines sharply amid Nvidia competition and insider share sales
Oct 2, 2026
AI Summary
Cerebras' stock fell nearly 20% this week, reaching its lowest point since its IPO in May, following reports that Nvidia will power a key component of OpenAI's latest model.
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- Cerebras' stock closed at $166.43, down over 50% from its IPO peak.
- The company’s market capitalization has dropped from $95 billion at IPO to approximately $39 billion.
- Nvidia's graphics processing units will be used for OpenAI's
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