Cerebras just hit the market and popped over 100% on opening day before settling a bit to ~80%, and that was after a couple of upward revisions on the sale price pre-ipo – I think the first target was something like $115/share, it's currently around $330/share. So, the pent-up demand for anything AI-related is apparently insane.
Does this change how anyone's thinking about the market? Who do you think is driving this level of demand for shares?
Cerebras IPO Pops >100% on opening, thoughts?
byu/prestodigitarium ininvesting
Posted by prestodigitarium
7 Comments
So yes that feels very 1999 esque, but I get it it’s right in the sweet spot and everyone wants the “ Next NVDA”. Only 500 million in revenue and an 80 billion plus market cap has a lot of room to fall.
Bullish
My thoughts are
LET ME BUY PUTS
As soon as options open shorting this to oblivion ipos that launch like this never hold easy money
I bought. There is no other tech like this one. Revenue will grow. Everyone needs fast AI inference
Reminds me of Figma when it went public and it was 120 dollars a share back then, now it’s just 20 bucks. I don’t feel good about any of those IPOs like Figma, Bullish … wish I could buy puts on Cerebras
Every mention of it in the lead up to today was met with how it would be an immediate rug pull. Reddit wrong? Impossible