Cerebras Systems stock plunges despite strong demand and growth outlook for AI chips.

Cerebras Systems, an AI wafer-scale chip maker, has seen its stock drop sharply by $70 in recent weeks despite strong demand and limited capacity. The company is expected to nearly 10x its sales by 2028 due to planned capacity expansion. Market concerns focus on short-term capacity limits and customer risks, but the company's long-term fundamentals and profitability outlook remain solid. Analysts have a consensus price target near $300, valuing the company at just 4 times its projected 2028 sales, indicating potential upside.

As of Oct 18, 2026 21:21 WIB, Cerebras Systems (CBRS) trades on Pluang at USD 127.21, down 10.52% in one day. The company holds a market cap of $30.22 billion and an enterprise value of $23.79 billion. This notable daily decline contrasts with analysts' optimistic price target near $300, highlighting current market volatility for CBRS shares.