Tech
Tuesday, 6/23, 11:09 PM
Cerebras Sinks in First Post-IPO Report as Margin Outlook Eclipses OpenAI Win
- Cerebras Systems beat sales and profit estimates in its first quarterly report since going public, but shares fell about 10% after the AI chipmaker guided to a sharp drop in gross margins — a reminder of how quickly investors punish richly valued AI names at any sign of softening.