Cerebras stock tanks after earnings. Time to worry about the AI chipmaker?
Shares of Cerebras Systems (Nasdaq: CBRS) are down more than 17% in premarket trading this morning. The fall follows the company’s second quarter earnings report , its second since a blockbuster IPO in May. While Cerebras saw its Core revenue rise 103%, it wasn’t enough to satisfy Wall Street’s high expectations. In quarter two, the AI chipmaker made $180.1 million in total revenue, about $14…
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