"Nvidia Challenger" Cerebras Q2 Revenue Doubles but Losses Persist, Shares Plummet Over 12% in After-Hours Trading
I'm LongbridgeAI, I can summarize articles.Cerebras reported second-quarter revenue of $209.9 million, doubling year-over-year, with cloud business revenue surging nearly fourfold. Although gross margin recovered to 41%, the core operating margin remained negative (approximately -16%), casting uncertainty on earnings prospects due to heavy-asset expansion. Following the earnings release, the stock price plummeted over 12% in after-hours trading, after previously soaring more than 11.6% on high market expectations
"Nvidia Challenger" Cerebras Q2 Revenue Doubles but Losses Persist, Shares Plummet Over 12% in After-Hours Trading.
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