Thursday, 13 August, 2026
AI Chipmaker Punished: Cerebras Plunges 16% After Missing Wall Street Estimates
By TechShots Studio
AI chip startup Cerebras Systems saw its stock plummet 16% in extended trading after posting Q2 results that missed Wall Street's revenue and earnings expectations. Despite raising its full-year core revenue outlook to $880M–$890M driven by surging cloud demand, investors aggressively penalized the Nvidia-rival over a wider-than-expected $2.98 per-share loss and ongoing margin pressures from hardware expansion costs.
Read full story at REUTERS