Cerebras Systems' stock plunged after its first earnings report forecasted narrower gross margins, highlighting the AI chip business's dependence on margins over hype. The market reaction underscores …
Cerebras Systems shares fell below their $185 IPO price to around $182 on June 24 after the AI chip designer issued disappointing earnings guidance, including a forecast for Q2 core gross margins of 3…
Cerebras Systems shares plunged nearly 20% on Wednesday after the AI chipmaker forecast a narrower gross margin of 38% to 41% for the full year, compared to 47% in Q1, despite beating first-quarter ea…
Wall Street stocks showed mixed results on Wednesday, with the Dow rising 486 points intraday but the Nasdaq closing down 0.6% amid a two-day slide of over 4%, as AI-related stocks like Micron and Cer…
Cerebras Systems reported $193.4 million in first-quarter revenue, beating analyst expectations of $181.2 million, but shares fell over 9% in after-hours trading as investors focused on projected nega…
AI chip startup Cerebras Systems beat its first-quarter sales target and issued higher guidance, signaling strong demand for its specialized processors used in training large language models.…
SpaceX's June 12 IPO left a record $16.7 billion on the table, nearly triple the previous record, as shares rose 19% on the first day. The foregone capital could have funded the company's AI growth en…
Tech companies are laying off tens of thousands of workers at a record pace, citing AI as the primary reason, but critics including Marc Andreessen argue AI is a convenient excuse for pandemic-era ove…
Cerebras Systems has developed AI chips that rival Nvidia's GPUs in performance, as demonstrated in a new video. The breakthrough positions Cerebras as a strong competitor in the AI hardware market, c…
Cerebras Systems CEO Andrew Feldman announced a "non-Nvidia" alliance at the Bloomberg Tech conference on June 3, declaring the company will partner with every major AI data center component supplier …
Cerebras Systems completed its initial public offering on the NASDAQ, raising $5.55 billion by floating 215.23 million shares at $185 each, with shares closing at $311 for a public market capitalizati…
Cerebras Systems plans to raise the size and price of its initial public offering as soon as Monday, with a new price range of $150-$160 per share, up from $115-$125, and an increase in marketed share…