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Cerebras stock plunges after earnings as CEO says margin outlook was misunderstood
Cerebras stock plunges after earnings as CEO says margin outlook was misunderstood 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...
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