Mizuho Securities reiterated its Buy rating on Cerebras on Oct. 5 and kept a $300 price target, according to BlockBeats. The call came after a period of sustained pressure on Cerebras shares, with market attention centered on how its relationship with OpenAI may develop from here. That focus sharpened after OpenAI used Nvidia GPUs for part of a new model rather than Cerebras chips.
OpenAI CEO Sam Altman said last Friday that Cerebras remains a "close partner" of OpenAI, adding that the two sides are still working closely at the front edge of high-performance computing. His remarks addressed a key issue that investors had been watching as questions around future collaboration persisted.
TradingBeats data showed that the CBRS perpetual contract on Hyperliquid was marked at $182.87, up about 3.7% over the past 24 hours. Over the same period, trading volume was about $88.7 million, while current open interest stood at a notional value of about $116 million.
BlockBeats reported on Oct. 6 that Mizuho Securities maintained a Buy rating on Cerebras on Oct. 5 and kept its $300 price target.
Cerebras shares had been under pressure, and the market had been watching for updates on the company’s follow-up cooperation with OpenAI. Last Friday, OpenAI CEO Sam Altman said Cerebras remains a "close partner" of OpenAI, adding that the two companies are still working closely at the frontier of high-performance computing.
Earlier, part of OpenAI’s new model used Nvidia GPUs instead of Cerebras chips.
According to TradingBeats, the CBRS perpetual contract on Hyperliquid was marked at $182.87, up about 3.7% over the past 24 hours. Trading volume during the same period was about $88.7 million, and current open interest was about $116 million in notional value.
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