CBRS slides 13% and AMD falls 5% in a classic buy-the-rumor unwind ahead of tonight's Supernova livestream at 6:30 PM ET.
Uniform selling in MU and COHR signals wholesale de-risking, not company-specific news, as the 30-year Treasury yield hits a 19-year high of 5.25%.
Act now: the **** yst who called NVIDIA in 2010 just named his top 10 AI stocks — and AMD didn't make the cut. Grab the names FREE today.
Shares of AI hardware names are broadly lower at midday Tuesday, hours ahead of Cerebras' flagship SUPERNOVA product event, which begins at 3:30 PM Pacific Time (6:30 PM ET). Cerebras Systems (NASDAQ:CBRS) is down 13% to $220, while Intel (NASDAQ:INTC) has slid 7% and AMD (NASDAQ:AMD) is off 5%.
The selloff is a classic buy-the-rumor, sell-the-news setup layered on top of a broader macro rotation. Cerebras surged into Tuesday's event on a Wedbush endorsement and OpenAI's confirmation that its GPT-5.6 Sol Ultrafast mode, capable of up to 750 output tokens per second, will run exclusively on Cerebras' Wafer-Scale Engine. Morgan Stanley also reaffirmed Overweight and raised its price target Monday, projecting core revenue to more than triple by 2027.
#NASDAQ #classic #ahead
Uniform selling in MU and COHR signals wholesale de-risking, not company-specific news, as the 30-year Treasury yield hits a 19-year high of 5.25%.
Act now: the **** yst who called NVIDIA in 2010 just named his top 10 AI stocks — and AMD didn't make the cut. Grab the names FREE today.
Shares of AI hardware names are broadly lower at midday Tuesday, hours ahead of Cerebras' flagship SUPERNOVA product event, which begins at 3:30 PM Pacific Time (6:30 PM ET). Cerebras Systems (NASDAQ:CBRS) is down 13% to $220, while Intel (NASDAQ:INTC) has slid 7% and AMD (NASDAQ:AMD) is off 5%.
The selloff is a classic buy-the-rumor, sell-the-news setup layered on top of a broader macro rotation. Cerebras surged into Tuesday's event on a Wedbush endorsement and OpenAI's confirmation that its GPT-5.6 Sol Ultrafast mode, capable of up to 750 output tokens per second, will run exclusively on Cerebras' Wafer-Scale Engine. Morgan Stanley also reaffirmed Overweight and raised its price target Monday, projecting core revenue to more than triple by 2027.
#NASDAQ #classic #ahead
1 day ago
