Woofun AI reports that Cerebras (CBRS) shares climbed to an intraday high of $242, marking a 23% gain, driven by a newly announced strategic partnership with CrowdStrike. Under the agreement, CrowdStrike will utilize Cerebras's inference infrastructure for its Falcon AI Detection and Response model, though specific contract values remain undisclosed. CBRS thus regained stability at the $185 IPO price. On its listing day on May 14th, it soared to a high of $386.3 and closed at $311; after its first earnings report, with full-year core gross margin guidance below expectations, the stock closed below its IPO price for the first time on June 25th and hit a listing low of $160.81 on June 26th.

The wallet address starting with Smart Money 0xc262 traded CBRS for the first time on July 18th, buying 1036.35 shares in a long position through 217 transactions during a brief second bottoming period, with an average price of $173.6, totaling about $179,000. Its cost is 6.1% lower than the IPO price. As CBRS traded near $239.64 on Hyperliquid, this 10x leveraged position achieved a peak return on investment of 380%. The position currently holds an unrealized profit of roughly $57,700, with the ROI adjusted to 320.7% and a liquidation threshold set at $81.9.