US Stock Market Move | "NVIDIA Corporation's challenger" Cerebras (CBRS.US) rose more than 5% in early trading as Wall Street was collectively bullish before.

On Wednesday, as semiconductor stocks strengthened, "NVIDIA Corporation challenger" Cerebras (CBRS.US) jumped more than 5% at the opening, but the stock price has still fallen by 36% since its listing, now trading at $224.64, with a market value of less than $50 billion. Prior to this, many Wall Street institutions such as Morgan Stanley, UBS Group AG, Wedbush, Rosenblatt, Mizuho, Barclays, Needham and others "rushed" to release their first coverage reports on Cerebras, almost unanimously giving "buy," "hold" or "outperform the market" ratings, with target prices concentrated in the $250 to $300 range. Morgan Stanley pointed out that as the inference capabilities of AI workloads continue to strengthen, the demand for rapid, low-latency inference is rapidly growing; with a large backlog of orders and commitment agreements for up to 750MW of capacity, Cerebras is well prepared to seize this opportunity.