Blaze TrendsCerebras Systems reported a record $191.3M in Q1 revenue, but shares fell 11% in after-hours trading. The drop is tied to lower Q2 profit margin forecasts and the immediate expiration of the company's IPO lock-up, releasing 30 million insider shares. #Cerebras #AI #Semiconductors #Earnings #Finance
https://blazetrends.com/cerebras-stock-drops-11-as-ai-chipmaker-slashes-q2-margins/?fsp_sid=40751
https://blazetrends.com/cerebras-stock-drops-11-as-ai-chipmaker-slashes-q2-margins/?fsp_sid=40751
Cerebras stock drops 11% as AI chipmaker slashes Q2 margins
AI chipmaker Cerebras Systems saw its stock plunge 11% after-hours despite reporting a record $191.3 million in Q1 revenue. The sell-off was triggered by lowered Q2 profit margins and an expiring IPO lock-up releasing 30 million shares.