Shares of Cerebras Systems dropped almost 20% on Wednesday, even after the company delivered better-than-expected first-quarter earnings on Tuesday.
That’s because in its first earnings report since going public, the AI chipmaker forecast a narrower gross margin in its core business, guiding for a full-year margin of 38% to 41%, compared with the 47% reported in the first quarter. The stock hit a new low on Wednesday, almost hitting the company’s IPO price.
Originally reported by TechCrunch. Read the full story at the original source.
CommentLoaderSave StorySave this storyCommentLoaderSave StorySave this storyI test a lot of gadgets, and most of them my...
Dutch Trade Minister Sjoerd Sjoerdsma visited Washington this week to meet with Commerce Secretary Howard Lutnick and me...
For decades, IT services firms made billions of dollars by allowing companies to outsource tech tasks like customizing, ...
Tomorrow Robotics After successfully selling over 15 cars, Faraday Future would now like you to buy its robots By ...