- Cerebras Systems fell 8.0% in morning trading and hit a new 52-week low of $148.50, per Investing.com.
- A second report puts the Oct 12 decline near 10%, to a low of $147.4, before the Oct 14 lockup expiry.
- An unconfirmed report that OpenAI's GPT-6.1 Sol Ultrafast inference tier runs on Nvidia GPUs rather than Cerebras hardware undercuts the bull case, since OpenAI is a key customer.
- Approximately 19.4 million shares become eligible for sale around October 14, 2026, a staggered post-IPO unlock, and a Form 4 filing for October 7 signaled continued insider activity.
- A larger lockup of up to 171.1 million shares is scheduled to expire after Q3 results or by November 10.
- The stock trades below its $185 IPO price and has shed more than 60% from its $386.34 all-time high set in May 2026.
- Cerebras raised its 2026 revenue guidance to $885 million and Wall Street analysts hold a Strong Buy consensus with a $288.67 price target.
Quotes
“approximately 19.4 million shares are set to become eligible for sale around October 14, 2026”