AI chipmaker Cerebras Systems’ stock plunges, despite posting solid earnings and guidance

Chipmaker Cerebras Systems Inc. boosted its full-year guidance after beating expectations on earnings and “core” revenue as it published its second-quarter results today, but its stock tumbled more than 17% in extended trading.

The company reported an adjusted loss of 5 cents per share, easily beating Wall Street’s forecast of an adjusted loss of 17 […]

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