Cerebras stock hits post-IPO low, tumbling 20% for the week on Nvidia pressure and lockup expiration
- Cerebras shares hit an all-time low, falling 20% for the week
- Nvidia pressure and post-lockup selling weighed on the shares
Company
Nvidia● ±0% net tone today
- Nvidia authorised a $150 billion share buyback
- Nvidia settled Modulus Financial Engineering’s trademark lawsuit over its “Modulus” AI software
- Nvidia is turning to insurers to offset AI risks and draw Wall Street into financing the tech boom
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Nvidia Hits First Record Since May As Value Nears $6 Trillion
- Nvidia shares gained 2.9% Friday, extending a nearly 25% rally from a late-July low