Cerebras stock drops 10 percent as margins fall short of rivals (opens in new tab)

Cerebras posted its first earnings report post-IPO, and the market was not impressed. Shares fell 10 percent in after-hours trading after the AI chip designer forecast full-year gross margins well below those of its supposed rivals like Nvidia and AMD. Revenue, however, surpassed expectations by a clear margin. Cerebras raised 5.55 billion dollars ...