SignalTech/AI
I warned against buying this AI chip stock. Now I think it could nearly double
Analyst reverses stance on AI chip stock, projecting nearly 100% upside.
Context
What happened: Contrarian tech investor Paul Meeks, who previously warned against buying AI chip stock Cerebras, now says it could nearly double.
Key numbers: Cerebras has lost roughly 72% of its value since its peak.
Why it matters: Meeks points to the company's AI technology and massive backlog as factors that could fuel a comeback.
What changed
Contrarian tech investor Paul Meeks, who previously warned against buying AI chip stock Cerebras, now says it could nearly double.
Why it matters
Meeks points to the company's AI technology and massive backlog as factors that could fuel a comeback.
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Oct 23, 2026 04:01 PM ET