Cerebras Systems is trading at $106.19, down 11.00%, after a short-seller report challenged its wafer-scale systems.
- On October 28, Culper Research disclosed a short position and alleged concerns about system durability and technology; these are not established findings.
- A scheduled unlock made up to 19.4 million shares eligible to trade, adding potential supply; eligibility does not confirm holders sold.
- The decline reversed part of the prior session’s 10.10% gain after the Oracle cloud partnership.