「NVIDIA Challenger」 Cerebras Surges, Trader Loracle Continues to Close Out Short Positions with Take Profit

BlockBeats News, May 19th, according to HyperInsight monitoring, the well-known trader "Loracle" on Hyperliquid, after shorting Cerebras (CBRS) at the top last week, continued to take profit and reduce the position size from $6.47 million yesterday to $4.38 million, still the largest short position on Hyperliquid for CBRS, with an unrealized gain of $487,000.

According to Bitget market data, Cerebras, the AI chip manufacturer known as the "NVIDIA Challenger," was listed on the US stock market on May 14th, trading under the ticker symbol CBRS. The IPO price was $185 per share, and it is now trading at $303.5.