Cloud Computing Stocks Rebound After Early Weakness, NEBIUS Gains Over 2%

Stock News

06/23

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."

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