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Ceribra Systems shares fall despite revenue outlook boost
Seriba Systems has raised its full-year revenue forecast, now expecting between $880 million and $890 million, supported by strong demand for its AI chips—especially its "Fast Inference" technology, which competes with Nvidia. Despite this, shares fell by about 14% following the announcement. The company's second-quarter revenue was $210 million, with a net loss of $450.5 million. The company anticipates achieving a gross profit margin of between 38% and 40% in the current quarter, continuing its expansion through partnerships with companies like AMD and offering its products via cloud platforms. Since its IPO in May, the company's stock has more than doubled in value, and it is expected to triple its revenues next year, driven by increased demand for specialized AI chips.
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