--- title: "内部人士售股在即，Cerebras股价创上市以来新低" description: "更大的考验在三季报：届时最多1.711亿股股票也将迎来解禁。" publisher: "The Inference" section: "Money" published: 2026-10-12T18:48:31.066Z modified: 2026-10-12T19:28:57.545Z canonical: https://theinference.org/article/altman-s-17-words-lifted-cerebras-9-the-lockup-calendar-set-the-price/zh-CN language: zh-CN keywords: "Cerebras, OpenAI, Nvidia, Sam Altman, Stocks, IPO" --- # 内部人士售股在即，Cerebras股价创上市以来新低 > 更大的考验在三季报：届时最多1.711亿股股票也将迎来解禁。 Cerebras Systems（纳斯达克股票代码：CBRS）10月12日股价下跌约10%，跌至5月上市以来的最低点；两天后，内部人士即可出售1940万股股票[1][2][3][4]。三季报之后，[规模大得多的解禁](https://financefeeds.com/cerebras-cbrs-stock-falling-below-185-ipo-price/)接踵而至：最多1.711亿股股票将于财报发布后的第二个交易日解禁，若11月10日先到，则以11月10日为准[3]。 限售期指公司上市后、早期股东不得卖出股份的一段时期。不过，已有部分内部人士先行减持：自8月以来，首席执行官安德鲁·费尔德曼（Andrew Feldman）与首席技术官肖恩·李（Sean Lie）已按预设交易计划[出售逾2.4亿美元股票](https://www.cnbc.com/2026/10/02/cerebras-stock-hits-post-ipo-low-on-nvidia-pressure-lockup-expiration.html)[3][5]。 ## 三季报才是关键时点 这轮下跌始于[一则报道](https://finance.yahoo.com/technology/ai/articles/cerebras-stock-slides-nvidia-reportedly-142404033.html)：报道称[OpenAI](https://theinference.org/markets/companies/openai)已将一款主打速度的新产品转向[英伟达](https://theinference.org/markets/companies/nvidia)芯片；OpenAI首席执行官[萨姆·奥特曼](https://theinference.org/markets/people/sam-altman)的称赞也[只让股价回升了几天](https://theinference.org/article/cerebras-rallied-9-on-altman-s-praise-but-openai-s-20-billion-revenue-gap-sets-a-november-test)[1][5][6][7]。两家公司均未证实该报道[3]。 *Chart: **奥特曼带来9%反弹，随后CBRS股价创上市以来新低** 柱状图：Cerebras股价2026年的五个时点——5月14日IPO发行价185美元、首日收盘价311.07美元、10月2日收盘价166.43美元、奥特曼发帖后10月5日收盘价181.55美元，以及10月12日盘中约147.40美元。* *Cerebras Systems（CBRS）股价（美元）：2026年5月14日的发行价与首日收盘价，2026年10月2日和5日的收盘价，以及2026年10月12日午后早段的报价。资料来源：纳斯达克数据（经FinanceFeeds）、CNBC、Business Chief、雅虎财经。 [1][3][5][7]* 三季报将与大规模解禁同期而至。这份财报将回答两个问题：占Cerebras已签约在手订单大头的OpenAI，是否仍在为这部分产能付费；Cerebras又能否在大举投入建设的同时，把在手订单转化为收入[3][7][8]。一旦OpenAI相关收入疲软，新增的股票供给将在同一周与之狭路相逢。 ## Takeaway Cerebras的大规模解禁与三季报同期而至，若OpenAI收入表现疲弱，将与同一周的新增股票供给正面相遇。 ## Sources 1. [Yahoo Finance (via Investing.com), "Cerebras stock slides as Nvidia reportedly powers OpenAI's 'Ultrafast' tier", 30 September 2026; page carried a live CBRS quote near $147.46, down 10.18%, at fetch on 12 October 2026](https://finance.yahoo.com/technology/ai/articles/cerebras-stock-slides-nvidia-reportedly-142404033.html) 2. [Barron's, "Once Wall Street's Darling, Cerebras Stock Is Struggling", 12 October 2026](https://www.barrons.com/articles/cerebras-stock-ai-chips-openai-struggling-eba797f1) 3. [FinanceFeeds, "Why Cerebras Stock Is Falling Below Its $185 IPO Price in 2026", 2 October 2026](https://financefeeds.com/cerebras-cbrs-stock-falling-below-185-ipo-price/) 4. [TipRanks, "Why Cerebras Stock Is Plunging Today - and What Wall Street Sees Next", 12 October 2026](https://www.tipranks.com/news/why-cerebras-stock-is-plunging-today-and-what-wall-street-sees-next) 5. [CNBC, "Cerebras stock hits post-IPO low, tumbling 20% for the week on Nvidia pressure, lockup expiration", 2 October 2026; live CBRS quote of $147.40, down 10.22%, at fetch](https://www.cnbc.com/2026/10/02/cerebras-stock-hits-post-ipo-low-on-nvidia-pressure-lockup-expiration.html) 6. [Benzinga via TradingView, "Cerebras Stock Fell on OpenAI Chip Report, Then Rose 9% After Altman Weighed In", October 2026 (undated page; carries a $161.61 print)](https://www.tradingview.com/news/benzinga:e63007e08094b:0-cerebras-stock-fell-on-openai-chip-report-then-rose-9-after-altman-weighed-in/) 7. [Business Chief, "Cerebras Rebounds 9% as Sam Altman Calls It a Close Partner", 6 October 2026](https://businesschief.com/news/cerebras-rebounds-9-as-sam-altman-calls-it-a-close-partner) 8. [Cerebras Systems, quarterly figures from its SEC filings, retrieved 12 October 2026](https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0002021728) --- 内部人士售股在即，Cerebras股价创上市以来新低 — The Inference. Canonical: https://theinference.org/article/altman-s-17-words-lifted-cerebras-9-the-lockup-calendar-set-the-price/zh-CN