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Trader 'Loracle' Fingers Top Short AI New Star CBRS, Profits Nearly $2 Million, Partially Takes Profits

1 hours ago

May 18 update: Per Coinbob’s Telegram-based Popular Address Tracker, leading Hyperliquid trader “Loracle” pulled in nearly $2 million in gains by shorting CBRS (Cerebras)—marketed as “NVIDIA’s strongest AI challenger”—during the latest market sell-off. Starting yesterday morning, Loracle has been systematically taking profits on this CBRS short: his position size has dropped from $11.3 million to $6.47 million, with an unrealized profit of $1.52 million (a 40% return). To recap context: Cerebras (CBRS), the AI startup pegged as NVIDIA’s top rival, rallied sharply on its Nasdaq debut last week—prompting Loracle to open a short position on the stock. Earlier, after Mizuho Securities raised its buy-target price, Loracle established an $8 million short position on SNDK. He’s now locking in partial profits here too, trimming the position to $5.1 million, with an unrealized gain of $0.85 million (a 57% return). As of press time, both short positions on these two U.S. stocks are still being gradually closed. The associated wallet address is: 0x8def9f50456c6c4e37fa5d3d57f108ed23992dae.
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