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.

June 8 : Cerebras shares gained on Monday as multiple Wall Street firms initiated coverage with bullish calls after the quiet period, backing the chip designer's unconventional AI…

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…