Shares of cloud computing service providers opened lower but moved higher on Tuesday. NEBIUS (NBIS.US) gained over 2% after initially falling nearly 8% at the open. Coreweave (CRWV.US) briefly turned positive.
Cerebras Systems (CBRS.US) saw its losses narrow to 0.57%. The company is scheduled to report its latest earnings after the market closes.
Investment bank Wedbush maintained its "Outperform" rating and $270 price target on Cerebras Systems, stating that it "expects any inflection point to be positive."
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments