Search results for Cerebras Systems
AI & Enterprise
Cerebras shares fall 14 percent after second earnings report since IPO
AI chip company Cerebras Systems raised its core revenue outlook for the current quarter and lifted its full-year forecast, but its shares fell about 14 percent in after-hours trading after its earnings report. The company guided quarterly core revenue of $214 million to $216 million, up from $210 million in the second quarter. It posted a second-quarter net loss of $450.5 million, citing stock-based compensation costs.
AI & Enterprise
AI demand is near limitless, industry figures say, as chip stocks swing
Industry figures pushed back against market worries that demand for AI infrastructure is slowing. They said companies are becoming more sensitive to AI costs, but underlying demand for computing power and data centres remains strong and continues to exceed supply. They viewed moves by Meta and xAI to sell or lease spare capacity as exceptions rather than a sign of weakening demand. Executives said firms are changing how they adopt AI, focusing on value and shifting toward open-source and task-specific models.
Industry
SpaceX IPO day nears; three variables investors should watch
Arbitrage competition is intensifying in crypto markets over SPCX-USDC synthetic perpetual futures ahead of SpaceX’s planned Nasdaq listing on June 12. The contract on Hyperliquid already reflects a valuation around $2 trillion, while the IPO targets $1.75 trillion and $75 billion in fundraising. Investors are watching how quickly synthetic prices converge to the stock after trading begins, potential U.S. regulatory scrutiny of pre-IPO synthetic products, and SpaceX’s disclosed holding of 18,712 bitcoin.
