AI chipmaker Cerebras drops 11% after releasing first public earnings report

PA一线
PA一线
PANews, June 24 – According to CoinDesk, AI chipmaker Cerebras Systems projected in its first post-IPO earnings report that core gross margin will decline to 36%–38% next quarter, down from 46.5% this quarter, sending its shares down 11% in after-hours trading. Q1 revenue rose 92% year-over-year to $193.4 million, and its adjusted net loss of $2.5 million was better than the $36.75 million loss analysts had expected. Cerebras went public in May at $185 per share, raising $6 billion; the stock once surged to $385 before pulling back, and traded at $201.55 in after-hours trading.
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