CBRS valuation near 180 is derisked from IPO levels; primary remaining risk is OpenAI exposure concentration.

Oh, you've got cerebrus pushing right now too. Uh yeah, I've mentioned over the last few days I thought around 180 it was starting to get really meaningfully derisked. I was I transparently was bearish on this company uh at uh at IPO.

Uh I didn't like it at IPO. Uh some of the risk factors have faded. Some of the risk factors remain. The biggest risk factor that remains is the concentration of exposure that they have to open AAI.

But I think what OpenAI is doing with with their product is is brilliant. Uh and I actually think it gives them a competitive advantage over companies that aren't using uh you know hyperfast token generators like Cerebrus for say voice AI or customer service or whatever.

Uh so I think you know somewhere between this 180 to maybe you know into the twos range. It's it's certainly derised a lot uh from IPO. I didn't like it in, you know, in the 300s.

It's like, this is way too expensive. But, um, you know, now it's it's almost scraping near its bottom. I think it bottom was like 161 after IPO and like, you know, around the Leo fold time.

Cerebras up 5% today,

Cerebras is a supplier of inference chips that are high-speed tokenbased for enterprises. So enterprise inference up 5.5% today.