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Paul Meeks
Freedom Capital Markets
First call on the ledger
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else is a labeled paraphrase. Every call links its original source. Before you trust the call, check the record.
Where they stand
Views on the record but not scoreable bets: no single number and deadline to grade. Shown in their exact words, never scored.
Paul Meeks (Freedom Capital Markets) tells Bloomberg his firm has a Hold rating on Cerebras with a $209 price target, the lowest on the street, after two disappointing quarters as a public company.
So we've always had a hold rating on the stock and a 2 0 9 price target. Our price targets the low on the street.
Paul Meeks (Freedom Capital Markets) tells Bloomberg that Cerebras' capacity ramp in both hardware and neocloud will be rougher and more capital intensive than buy-side and sell-side investors expect.
I just think it's going to be rougher than buy side and sell side investors think in ramping up capacity
Paul Meeks (Freedom Capital Markets) tells Bloomberg he gives Cerebras the benefit of the doubt that its hardware revenue miss is temporary growing pains that were not well understood at the IPO.
I'll give them the benefit of the doubt. I think it's temporary growing pains
Paul Meeks (Freedom Capital Markets) tells Bloomberg that Nvidia's Groq-based inference may be 'good enough' to compete with Cerebras' superior chip, a risk to Cerebras.
But Nvidia through its relationship with Grock that's Grock with a queue has maybe it's not as good of capabilities as Cerebrus but maybe it's good enough.
Paul Meeks (Freedom Capital Markets) tells Bloomberg Cerebras' bottom line will see fits and starts for probably the next couple of years.
But there are going to be fits and starts typically on the bottom line probably for the next couple of years with Cerebrus.
Paul Meeks (Freedom Capital Markets) tells Bloomberg that OpenAI has clearly lost business momentum to Anthropic, so OpenAI partners such as Cerebras now trade at a discount.
You're getting a black eye because open A.I. has lost some business momentum clearly to anthropic
Paul Meeks (Freedom Capital Markets) tells Bloomberg he expects Anthropic to IPO in 2026 while OpenAI pushes its IPO to 2027, possibly late 2027, raising doubt about OpenAI paying its partner commitments.
open A.I. looks like they're pushing their IPO until 2027 where anthropic comes this year. And I think open A.I. IPO might actually be late in 2027.
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