The Zhitong Finance App learned that Freedom Capital Markets raised the stock rating of artificial intelligence (AI) chip maker Cerebras Systems (CBRS.US) from “hold” to “buy” and gave a target price of $209. The agency believes that although Cerebras was recently sold off by the market due to news that an important partner OpenAI is switching to Nvidia (NVDA.US) GPUs, considering that demand for AI computing power is expected to continue to exceed supply in the next few years, and Cerebras' technical advantage in the field of high-speed AI inference, the recent stock price correction provides an opportunity to re-evaluate the value of its investment.

The Zhitong Finance App learned that Freedom Capital Markets raised the stock rating of artificial intelligence (AI) chip maker Cerebras Systems (CBRS.US) from “hold” to “buy” and gave a target price of $209. The agency believes that although Cerebras was recently sold off by the market due to news that an important partner OpenAI is switching to Nvidia (NVDA.US) GPUs, considering that demand for AI computing power is expected to continue to exceed supply in the next few years, and Cerebras' technical advantage in the field of high-speed AI inference, the recent stock price correction provides an opportunity to re-evaluate the value of its investment.