🟢 Cerebras Systems Inc. is trading 4.5% up today after Morgan Stanley initiates coverage with $250 target

Cerebras Systems Inc. is trading at $209.94 (+4.5%) after Morgan Stanley initiated coverage with a bullish Overweight rating and a $250 price target.

• The initiation signals strong confidence in the company's long-term AI infrastructure growth prospects.
• Shares are rebounding after a volatile week for high-valuation tech and semiconductor stocks.
• The move reflects positive investor sentiment following the favorable Wall Street endorsement despite recent sector pressure.