Cerebras, the "NVIDIA Challenger," rises as trader Loracle continues to reduce short positions and take profits
BlockBeats reported on May 19, citing monitoring by HyperInsight, that well-known trader "Loracle" on Hyperliquid continued to secure profits after shorting Cerebras (CBRS) at the peak last week. Their position size decreased from yesterday's 6.47 million US dollars to 4.38 million US dollars, while still holding the largest CBRS short on Hyperliquid, with unrealized gains of 487 thousand US dollars.
According to Bitget market data, AI chip manufacturer Cerebras, known as the "NVIDIA challenger," was listed on an exchange on May 14 under the stock code CBRS. The IPO was priced at 185 US dollars per share and is now trading at 303.5 US dollars.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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