Cerebras Systems shares were down 9.2% as of 12:22 p.m. ET after the firm tempered expectations for the AI stock. UBS kept a positive rating but cut its price target about 24% to $250 from $330, citing OpenAI-related colocation demand, shipments of the CS-4 accelerator, and adoption through Amazon Web Services as factors that could lift the stock. Culper Research also announced a short position, alleging the company's wafers break down after only a couple of years of use. The article notes that analyst stances are opinions rather than guarantees and points to Cerebras's third-quarter results, expected on Nov. 12 after the market closes.
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