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Cerebras stock hits post-IPO low, tumbling 20% for the week on Nvidia pressure and lockup expiration
Source: cnbc.com
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Cerebras shares are down about 50% from their May market-debut opening price after the company lost a key OpenAI inference workload. Nvidia won the workload for OpenAI's "Ultrafast" mode supporting the GPT-6.1 Sol AI model, underscoring Nvidia's competitive strength in AI inference chips and weakening Cerebras' commercial positioning.
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