Cerebras Systems (CBRS) stock fell Wednesday after the AI chipmaker delivered its first quarterly report as a publicly-traded company.
The firm posted better-than-expected sales and outlook, but investors focused on its soft gross profit margins
The Sunnyvale, Calif.-based company said its first-quarter sales rose 94% year over year to $193.4 million, topping the consensus estimate of $181.2 million. For the… Related news Cathie Wood Loads Up On Palantir, Cerebras, These Mag 7 Players 6/24/2026 Cathie Wood and ARK Invest on Tuesday purchased $49 million of Amazon, Tesla, Alphabet, Palantir, CoreWeave and Cerebras. 6/24/2026 Cathie Wood and ARK Invest on Tuesday purchased $49 million