Cerebras is Milli Vanilli. They spend 10 years burning cash on a failed idea (which is frankly insane, since they should have figured out the limitations of heir stack in like... a weekend) and struck accidental gold with their 'Giant ass wafer'.

The company is valued like they broke open the grail, when in reality it's more like they bought a Cybertruck, got it stuck in the mud, and realized "You know what this thing does better than all other cars... shovel mud"

I'm shorting Cerebras with margin to virtually zero.