Tag: cerebras
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Cerebras launches new server chip and system designed to speed AI chatbots
SAN FRANCISCO, Aug 18 : Cerebras Systems announced on Tuesday a new version of its server hardware that includes its dinner-plate-sized chips that it says will speed AI chatbot queries.Cerebras makes AI hardware and chips that compete with Nvidia and targets the portion of AI called inference, the computing
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Cerebras slumps as mixed quarterly results test AI growth narrative
Aug 13 : Cerebras Systems slumped over 18 per cent premarket on Thursday after it missed key estimates despite soaring cloud revenue, raising doubts about the ability of its AI chips to challenge Nvidia.Expectations were high for AI-linked companies including Cerebras and networking equipment maker Cisco, giv
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Cerebras shares plummet 16% after results fail to impress investors
Aug 12 : AI chip designer Cerebras Systems slumped 16 per cent in extended trading on Wednesday after missing quarterly revenue estimates, suggesting that Wall Street was ready to punish richly valued AI stocks if they slipped up on any key metric.Shares of the company have gained more than 41 per cent from i
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Cerebras raises annual targets on strong AI chip demand
Aug 12 : Cerebras Systems raised its annual revenue and gross margin forecasts on Wednesday, buoyed by robust demand for its chips from companies ramping up data-center capacity to power AI services.Still, its shares were down more than 14 per cent in extended trading after closing up 11.6 per cent in the reg
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Cerebras sinks 14% as full-year margin forecast disappoints
June 24 : Cerebras shares tumbled about 14 per cent 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.If the losses hold through the open, the stock is expected to
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Cerebras shares drop on earnings debut, with margins below AI chip rivals
June 23 : Cerebras Systems on Tuesday forecast 2026 revenue that beat Wall Street estimates, but shares sank as the company’s gross margin forecast confirmed it will be an uphill battle to challenge AI chip leader Nvidia in key markets.Cerebras shares fell 7.8 per cent in extended trading.Cerebras, wh
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Cerebras posts rise in quarterly revenue in first report post-IPO
June 23 : Cerebras Systems posted a 94 per cent increase in first-quarter revenue on Tuesday in its first financial update since going public, benefiting from robust enterprise demand for its specialized AI chips.The company reported revenue of $193.4 million for the quarter, compared with $99.5 million repor
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Cerebras shares climb as Wall Street brokerages back AI chip strategy
June 8 : Cerebras shares gained on Monday as multiple Wall Street firms initiated coverage with bullish calls after the quiet period, backing the chip designer’s unconventional AI strategy more than three weeks after its strong debut.Shares of the company rose 5.5 per cent in premarket trading, with at least
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