🔴 Cerebras Systems is trading 12% down today amid broad semiconductor selloff

Cerebras Systems is trading 11.90% down at $222 amid a broad semiconductor and growth-stock selloff driven by rising bond yields, higher oil prices, and escalating U.S.-Iran tensions.

• The Nasdaq Composite is down 1.25%, while SOXX is down 2.78%.
• No new company-specific announcement explains the August 18 decline.
• Cerebras’ scheduled SUPERNOVA event occurs later on August 18.