Cerebras (CBRS) Rises 23% on Strategic Partnership with CrowdStrike

Huo Xing Cai Jing reports that on July 22, according to Hyperinsight monitoring, during U.S. trading hours, Cerebras (CBRS), a competitor to NVIDIA, rose as high as $242, with its gain expanding to 23%. Today’s catalyst includes Cerebras entering into a strategic partnership with CrowdStrike, which will utilize Cerebras’s inference infrastructure to power its Falcon AI Detection and Response model; however, the contract amount was not disclosed. As a result, CBRS has regained its IPO offering price of $185. On its first trading day on May 14, CBRS peaked at $386.30 and closed at $311; after its first earnings report, when its full-year core gross margin guidance fell below expectations, the stock closed below its IPO price for the first time on June 25 and hit a low of $160.81 on June 26. Based on today’s high, CBRS has rebounded 49.2% from its all-time low and is now 29.7% above its IPO price; however, it remains 37.9% below its all-time high of $386.34 on its debut day, indicating a recovery from its post-IPO decline but not yet a return to its first-day peak. The “smart money” address starting with 0xc262 first traded CBRS on July 18, accumulating 1,036.35 shares through 217 trades during a brief secondary bottoming phase at an average price of $173.60, totaling approximately $179,000—6.1% below the IPO price. When CBRS rose to approximately $239.64 on Hyperliquid, this 10x isolated long position reached a peak return of 380%. As of publication, the position is valued at approximately $237,700, with an unrealized profit of about $57,700 and a return rate of 320.7%, with a liquidation price of $81.90.