Bullish on continued growth in AI inference demand, Freedom upgrades Cerebras (CBRS.US) to "Buy," with wafer-scale chip advantages in focus.

Zhito Finance APP has learned that Freedom Capital Markets upgraded AI chipmaker Cerebras Systems (CBRS.US) from "Hold" to "Buy" and set a price target of $209. The firm believes that although Cerebras recently suffered a market selloff after news that key partner OpenAI switched to Nvidia (NVDA.US) GPUs, given that AI computing demand is expected to continue exceeding supply in the coming years, as well as Cerebras's technological advantages in high-speed AI inference, the recent stock pullback provides an opportunity to reassess its investment value.