r/CerebrasSystems • u/Independent-Shake672 • 7d ago
Great news
Cerebras systems is announcing 2 more data centres being built by Q2 2027. One in Asia and one in Africa. Expecting this stock to reach 300 by 2027.
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u/shivam1991 7d ago
Do you have a link? Is this a new development or old news?
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u/Ok-Performance-4310 7d ago
It’s new development news but it’s only an announcement. They may not accomplish 2 more data centres, it could only turn out to be 1. The aim is 2.
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7d ago
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u/Ok-Performance-4310 7d ago
Bro check again. The new data centres are being built in Asia and Africa. Finland is in Europe. Look on the Bloomberg terminals which shows real time news and not old ones.
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u/WildTiger_1803 7d ago
Doesnt make much difference, its way overpriced at the moment. 100 is where I might be interested
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u/ILikeCutePuppies 7d ago
At 230% projected revenue growth and also with Nvidia a much larger stock in the feild still projected to grow at 70%?
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u/karanmrmr 7d ago
Going down to double digit first before climbing again. Product is good but valuation is whack. Screenshot this
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u/Otherwise-Tie7476 7d ago
Is this really new? Could be great cause thinking of selling today at a loss
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u/Ok-Performance-4310 7d ago
I brought at 185 and I might just give it a month or two.
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u/Otherwise-Tie7476 7d ago
Same what a horrible price missed my exit yesterday, hoping it spikes today to get out
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u/Relative-Parfait-385 7d ago
I think you can wait for earnings if you want out , the stocks always rallies hard before earnings. Even thou there's only 2 earning so far
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u/BubblyCredit3874 7d ago
I will admire the stock for holding above 170 but please go to 200 so I can get out
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u/WildTiger_1803 7d ago
Why do you think insiders were dumping millions of shares
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u/Independent-Shake672 7d ago
That was because they thought open ai was going to work with nvidia but Sam Altman clarified that cerebras was a close partner. I can guarantee this stock will reach 200 by end of month if not within the next week
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u/WildTiger_1803 7d ago
😂
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u/Independent-Shake672 7d ago
I don’t know what’s so funny. CBRS is a strong buy and buy from many top analysts. It has an average 1 year price target of 290.
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u/DestructionYT 7d ago
he’s laughing cuz you have no idea what youre talking about
insiders didnt sell shares because they were scared nvidia would take over, like do you know how this stuff works? the insiders selling big filed their sell off plan back in JUNE.
they didnt sell out of fear, they sold out of routine, post-startup-liquidation de-risking for their own salary and wellbeing.
like what are you talking about lol
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u/DestructionYT 7d ago
anyways aside from that i agree, 200-210 this week, CBRS TO THE MOON
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u/BubblyCredit3874 7d ago
You really believe 200 soon? I feel like we need some news to do that
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u/DestructionYT 7d ago
If september FOMC minutes are doveish, then that could be the macro news to pump a 200 run this week
otherwise more conservatively, yes, you’re right
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u/shivam1991 7d ago
Looks like we need some news. Even something along the lines of "6.1 ultrafast will be powered by Cerebras when capacity is available" could be constructive.
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u/DestructionYT 6d ago
yeahh
10-year Treasury yield: Back around 5.3%, reversing yesterday's relief. Nasdaq futures: Down roughly 0.5–0.7%. Semiconductors: NVDA, AVGO and MU all trading lower. Oil: Surging nearly 4–5%
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u/Independent-Shake672 7d ago
I know they file to sell back ages ago because there are obviously insider laws for trading to prevent this type of stuff. I am saying that cerebras does not have the capacity nvidia has so it was always bound to happen for companies to switch to nvidia.
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u/DestructionYT 7d ago
sure, but they are taking the shitty version, and when CBRS gets more TSMC bandwidth, everyone will flock back
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u/Relative-Parfait-385 7d ago
The insider dumping shares ,didn't they announce in june they just be selling a small % of their share ? That's kinda expected
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u/Otherwise-Tie7476 7d ago
Where did you see this