BlockBeats News, June 27th, Serenity's Pump Signal Drives Short Squeeze on Cerebras, as of the time of writing, the stock's contract is trading at $188.26 on trade.xyz, surging over 5% in the past hour.
However, the stock's after-hours price (now closed) is only $182.3.
Earlier, Serenity stated that they first bought Cerebras stock in the $170 range, believing that the OpenAI partnership brought a valuation premium. They also noted that compared to profitable companies like JBL, the current valuation is slightly high. Nevertheless, Serenity remains optimistic about its potential as a leader in AI inference.
