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Cerebras Shares Rise About 12.7% Ahead of Earnings as Nvidia Falls

Cerebras is due to report third-quarter results after the U.S. market closes Thursday, Nov. 12. Both stocks remain below recent highs.

A square processor die rises from a dark silicon wafer / TokenPost.ai
A square processor die rises from a dark silicon wafer / TokenPost.ai

Cerebras shares rose about 12.7% from the Nov. 6 close through Nov. 11, outperforming Nvidia as the chipmaker prepared to report third-quarter results after the U.S. market closes Thursday, Nov. 12.

Over the same period, Nvidia fell about 6.9%. The share moves came after Nvidia's board launched an independent investigation.

Despite its advance, Cerebras ended Nov. 11 about 45% below its $185 IPO price and roughly 74% below its first-day record high. Nvidia remained about 29% below its October peak.

The latest advance follows an earlier post-IPO slide, including a decline to a post-IPO low.

Enna Lee

Reporter

Enna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.

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