Cerebras Shares Fall Despite Revenue Outlook
Cerebras Systems has raised its full-year revenue outlook despite its stock dropping approximately 14% during trading, following the release of its second-quarter results report, which showed revenues of $210 million and a net loss of $450.5 million. The company now expects to achieve core revenues between $214 million and $216 million in the current quarter and has revised its full-year revenue forecast upward to between $880 million and $890 million. The company is focusing on activating its "Fast Inference" technology in AI chips, competing with NVIDIA, and anticipates its revenues will triple in the next fiscal year, with an expected gross profit margin between 38% and 40%.
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