Cerebras stock hits post-IPO low, tumbling 20% for the week on Nvidia pressure and lockup expiration

Impact · against what's priced in

Nvidia gains a modest catalyst as it displaces Cerebras in a high-profile OpenAI workload, supporting the bull case for continued hardware dominance. Cerebras faces a double blow of diminished revenue expectations from its OpenAI deal and immediate supply-side pressure from lockup expirations.

NVDA+0.30

Challenges what's priced in

The price assumes

The $1 trillion cumulative revenue projection for Blackwell and Rubin architectures through 2027