1214 ET [Dow Jones]--Cerebras Systems' selloff following the company's second-quarter results represents a buying opportunity, both UBS and Morgan Stanley analysts write in notes. For Morgan Stanley, Cerebras can unlock upside by executing on compute capacity and successfully commercializing disaggregated inference solutions with AMD and Amazon Web Services. Despite the volatility, they write, "we see little in the quarter that gives us pause." UBS analysts also underscore the importance of ramping capacity, and note that new platforms will free up room for upside next year after margins bottom out in the third quarter. Cerebras is down 12% at $230.42.
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