Nvidia challenger CBRS rises 18% intraday, surging 27.4% from Serenity's entry price over the past three days.

According to Hyperinsight monitoring, AI chip stock Cerebras (CBRS) surged sharply in a single day, rising 17.9% in 24 hours to trade at $216.54. Since well-known US stock trader Serenity called for a long position and stated he opened positions at $170, his floating profit now stands at 27.4% based on the current price. Hyperliquid whale data shows the total nominal short position size is approximately $14.1 million, 3.73 times the long position size of $3.8 million; the average entry price for shorts is around $275.58, while longs average $207.2. The nearest short liquidation line is currently at $284.52, about 31.4% above the current price. Notably, a whale that went short at the high of $284.51 on May 15 (3x leverage, position size of ~$7.09 million) faced a short squeeze amid this rally, with its floating profit dropping from ~$3.98 million the previous day to ~$2.27 million, erasing roughly $1.7 million in a single day. On the news front, multiple investment banks have recently collectively raised the company’s target price: UBS lifted its target from $300 to $320, Morgan Stanley initiated an "Overweight" rating with a $250 target, plus ARK’s buying spree last week and Citigroup’s bullish outlook. The stock has been rebounding steadily since hitting an all-time low of $160.81 on June 26. -HyperInsight Bot is now live. Add @HyperInsightBot to your TG group and set it as admin (enable message sending permission) to automatically sync on-chain news.