Cerebras Systems (CBRS) Gets Fresh Positive Rating, Climbs by This Much

Cerebras Systems Inc. (NASDAQ:CBRS) is one of the 10 Stocks Surviving Market Slaughter.

Cerebras Systems climbed by 4.64 percent on Wednesday to close at $237.33 apiece, as investors took heart from a fresh bullish rating for its stock.

In its market note, Morgan Stanley recommended investors buy shares of Cerebras Systems Inc. (NASDAQ:CBRS), while issuing a price target of $250.

Photo by Mizuno K on Pexels

Even with the day’s rally, the new figure marked a 5 percent upside potential from its latest closing price.

Morgan Stanley views Cerebras Systems Inc. (NASDAQ:CBRS) as “one of the most differentiated AI infrastructure companies” that even Nvidia Corp. is unable to replicate.

It said that Cerebras Systems Inc. (NASDAQ:CBRS) was well-positioned to capture a huge opportunity from the rapidly growing AI, supported by the latter’s contracted backlog of 750 MW committed capacity agreements.

It added that low-latency inference has become an important growth category that the company is uniquely positioned to address.

With fast tokens being more expensive than regular tokens, Morgan Stanley said that the low-latency category could account for 10 percent or more of inference hardware sales over the next few years.

Cerebras Systems Inc. (NASDAQ:CBRS) is a newly listed firm that debuted on the stock market only on May 14. From its initial public offering price of $185, the stock was already up by 28 percent.

While we acknowledge the risk and potential of CBRS as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than CBRS and that has 10,000% upside potential, check out our report about the cheapest AI stock.

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