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AI News from ET - Cerebras shares climb as Wall Street brokerages back AI chip strategy

Vishwadeep Khatri
in AI News & Two Lenses

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Cerebras shares saw a rise on Monday. Several Wall Street firms initiated coverage with positive outlooks. They are backing the chip designer's unique AI strategy. This comes after a strong debut. Morgan Stanley and Citigroup are among the firms. They see substantial upside potential for Cerebras. The company designs large chips to speed up AI processing.

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