Gerstner says Cerebras is opening at over $100 billion valuation within minutes of speaking.
“We had the risk capital that stepped in, and now it's gonna go public today. I'm hearing in less than two minutes at over a 100 over a $100,000,000,000.”
Gerstner warns retail investors not to YOLO into Cerebras at $400 per share.
“I get worried about Scott, like I said on the show Yeah. With retail investors, I would not be YOLO ing into this thing at $400.”
Gerstner says institutional demand for Cerebras is around $250-275 range, while demand over $300 is mostly retail investors.
“I would say it's more in that range. That's what I'm hearing from the institutions. I think most of the demand over 300 is frankly retail that listen.”