CBRS Just Doubled on Its First Day and the AI IPO Tsunami Is Just Getting Started
Cerebras Systems crashes the party, DOCS gets a brutal reality check, and HALO ETF wants to make boring beautiful
Ticker Ratings
| Ticker | Rating | Entry Price | Current | $ Gain | % Gain |
|---|---|---|---|---|---|
| CBRS Cerebras Systems Inc. | hold | — | — | — | — |
| DOCS Doximity, Inc. | sell | $17.80 | — | — | — |
| LII LENNOX INTERNATIONAL INC | buy | $514.00 | — | — | — |
| TFII TFI International Inc. | buy | $142.75 | — | — | — |
| SCCO SOUTHERN COPPER CORP/ | buy | $188.80 | — | — | — |
| JBHT HUNT J B TRANSPORT SERVICES INC | hold | $255.00 | — | — | — |
| AU AngloGold Ashanti PLC | hold | $102.25 | — | — | — |
| WSO WATSCO INC | buy | $416.08 | — | — | — |
$CBRS just had the kind of IPO debut that makes every venture-backed founder refresh their cap table spreadsheet. Cerebras Systems priced at $185, opened at $350, and hit a $100 billion market cap faster than you can say 'wafer-scale chip.' The IPO was 45 buyers for every one seller and over 25x oversubscribed — numbers that make Reddit's WSB crowd look like patient value investors. YouTube finance channels are losing their minds, with Bloomberg and CNBC both camped outside the Nasdaq for the debut. X is calling it the Snowflake moment of AI infrastructure, and that comparison is doing a lot of heavy lifting.
On the opposite end of the sentiment spectrum, $DOCS dropped 26% to a record low after Doximity whiffed on its full-year revenue outlook ($664M–$676M vs. street expectations) and admitted rising AI compute costs are eating its margins alive. The brutal irony: a healthcare tech company is getting crushed by the same AI wave everyone else is surfing. Reddit's investing subs are split between 'obvious value trap' and 'oversold bounce play,' but the Seeking Alpha quant model says hold — which in this context feels like telling someone their house is on fire but the smoke alarms are technically working.
Then there's the new HALO ETF quietly launching into this chaos — Josh Brown's 'Heavy Assets Low Obsolescence' thesis wrapped in a fund, betting that TFI International, Lennox International, and Southern Copper will outlast the AI revolution by simply being too physical to disrupt. When the robots take over, someone still has to fix your HVAC.