Cerebras drops 10% on Day 2 after 68% IPO pop — OpenAI-concentration risk lands
Read this because First public verdict on whether the market believes Nvidia has a credible challenger — or whether Cerebras' OpenAI/AWS revenue concentration was priced for a fall.
CBRS closed Friday at $279.72, -10% from Thursday's $311.07 debut. Still +51% over the $185 IPO price; market cap ~$60B on 215M shares outstanding.