Cerebras Sees Trading Activity Surge After Recent IPO

On May 19, HyperInsight reported that a prominent trader known as 'Loracle' on Hyperliquid has been actively trading Cerebras (CBRS) shares. According to BlockBeats On-chain Detection, after shorting Cerebras last week, Loracle has reduced their position from $6.47 million to $4.38 million, remaining the largest short seller of CBRS on Hyperliquid with an unrealized profit of $487,000. Cerebras, an AI chip manufacturer often referred to as the 'NVIDIA challenger,' went public on May 14 on the U.S. stock market under the ticker CBRS. The initial public offering was priced at $185 per share, and the current trading price is $303.5 per share.