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Home›US Markets›Equities›Cerebras shares fall to post-IPO low amid Nvidia press…

Cerebras shares fall to post-IPO low amid Nvidia pressure

Cerebras stock dropped 20% for the week as investors weighed Nvidia pressure and a post-lockup selloff.

Reported · Written up by our desk · Equities

CNBC Markets reports that Cerebras shares fell to an all-time low after its post-IPO debut, with weakness driven by pressure from chip giant Nvidia.

The outlet also attributed the move to a post-lockup selloff, which compounded the selloff and pushed the stock down 20% for the week.

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Sources

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

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