AI chipmaker Cerebras Systems’ stock plunges, despite posting solid earnings and guidance

Chipmaker Cerebras Systems Inc. boosted its full-year guidance after beating expectations on earnings and “core” revenue as it published its second-quarter results today, but its stock tumbled more than 17% in extended trading. The company reported an adjusted loss of five cents per share, easily beating Wall Street’s forecast of an adjusted loss of 17 […] The post AI chipmaker Cerebras Systems’ stock plunges, despite posting solid earnings and guidance appeared first on SiliconANGLE .