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.
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Tag: $Cerebras Systems Inc
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
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