Tag: $Cerebras Systems Inc

Cerebras Systems slumped over 18% premarket on Thursday after it missed key estimates despite soaring cloud revenue, raising doubts about ​the ability of its AI chips to challenge Nvidia.

US-based artificial intelligence chip maker Cerebras said on Thursday that it plans to bring its first European data centre capacity online by the end of 2026, followed by a rapid expansion across France and the Nordics, boosting its AI computing capacity in Europe.

Cerebras shares tumbled about 14% before the bell on Wednesday after the chip designer warned that annual profit margins would undershoot first-quarter ​figures in its debut earnings following a blockbuster initial public ‌offering.

IPO demand exceeded supply by over 20 times, leading to higher price and share count
Cerebras valued at $56.43 billion, largest US IPO this year