When Record Values Disappoint the Stock Market! Cerebras Systems Crashes Over 16% After Earnings!
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Stock Market Crash After Earnings: Cerebras falls sharply by 16.4% to $219 in after-hours trading following the Q2 earnings announcement Segment Results: Disappointing revenues of $180.1 million on a GAAP basis and a significant loss contrasted with strong core revenue of $209.9 million Strategic Redirection: Massive securing of 600 MW of data center capacity and partnerships with AMD and Lovable Despite a substantially raised annual forecast and double-digit growth, investors in semiconductor specialist Cerebras Systems (CBRS) experienced...
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