Cerebras falls after Culper reveals short position
CBRS•Cerebras Systems shares fell 4.7% to $113.67 after Culper Research revealed a short position and alleged the company’s flagship chip has unresolved thermal expansion problems. Reuters could not independently verify the claims.
1. Culper alleges chip failures
Culper said it believes Cerebras’ Wafer Scale Engine chip, which spans an entire silicon wafer, will last “just 1.2 to 2.5 years in the field.” It alleged that constant dummy operations keep the wafers hot and prevent them from cooling down, causing them to break down rapidly.
2. Shares fall after report
Cerebras Systems shares fell 4.7% to $113.67. The company did not immediately respond to a request for comment. Through the prior close, the stock had fallen 61.6% since its May Nasdaq listing.
