U.S. Stocks in Flux | Nvidia Challenger Cerebras Systems (CBRS.US) Surges Nearly 10% After Continuous Plunge of Over 25%

According to the Wise Finance APP, on Monday, NVIDIA challenger Cerebras Systems (CBRS.US) surged in mid-session, now up nearly 10%, with a cumulative increase of 18% over the past two trading days. Previously, the company's stock had plummeted more than 25% and briefly fell below the $185 IPO price due to the first financial report indicating a gross margin guidance of only 36%-38% for the second quarter. On the news front, several investment banks have collectively raised their target prices for the company recently. UBS raised its target price from $300 to $320 and maintained a buy rating, while Wedbush raised it to $280 and maintained an outperforming the market rating. Morgan Stanley also stated that with a large number of signed orders and commitments for up to 750MW of capacity, the company is well prepared for the growth in demand for AI inference.