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Why Cerebras Stock Is Skyrocketing Today

TheMotleyFool

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Why Cerebras Stock Is Skyrocketing Today: https://g.foolcdn.com/editorial/images/876792/investor-looks-at-smartphone-and-celebrates.jpg

After plunging more than 29% last week, Cerebras (NASDAQ: CBRS) stock is off to a bullish start this week. The semiconductor specialist that designs chips for artificial intelligence (AI) applications had no news to report. Yet, investors are taking note of a well-known growth investor's recent purchase of Cerebras stock.

As of 3:14 p.m. ET, shares of Cerebras are up 18.6%.

Image source: Getty Images.

Source Fool.com

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