Mizuho Securities maintains a Buy rating on Cerebras; CBRS rises about 3.7% in 24 hours.

BlockBeats news, October 6th — Mizuho Securities maintained its "Buy" rating and $300 price target for Cerebras on October 5th. Cerebras' stock price had previously been under continuous pressure, with the market focused on the progress of its subsequent cooperation with OpenAI.

OpenAI CEO Sam Altman said last Friday that Cerebras remains a "close partner" of OpenAI, and the two sides are still maintaining deep collaboration at the forefront of high-speed computing. Previously, some of OpenAI's new models used Nvidia GPUs rather than Cerebras chips.

According to TradingBeats monitoring, the mark price of the CBRS perpetual contract on Hyperliquid is temporarily reported at $182.87, up about 3.7% in 24 hours, with trading volume of about $88.7 million during the same period, and the current notional value of open interest at about $116 million.