UBS cut its price target on Cerebras Systems to $250 from $330 while keeping a Buy rating, according to a MarketScreener report. Cerebras Systems is an artificial intelligence infrastructure company that designs and manufactures an AI compute platform comprised of proprietary systems and software. Its products include inference Cloud, Training Cloud, CS-3 system, AI supercomputer, Wafer Scale Engine and model development. Its Wafer-Scale Engine (WSE), described as a chip encompassing an entire silicon wafer, was specifically designed to enable higher performance and speeds than GPUs for the computational demands of inference, Generative AI (GenAI), and other AI applications. The company offers deployment services to assist customers with data preparation, model architecture design, training management, inference optimization, and, in select cases, ongoing system operations and management. It also offers a subscription service providing access to an ongoing stream of software updates and upgrades for purchasers of its hardware. The company has 708 employees.