Is Cerebras Stock a Buy on the Dip as Revenue Surges?
Cerebras shares sank despite strong revenue growth.
Overview
Cerebras (NASDAQ: CBRS) shares took a hit after the inference chipmaker reported its first quarterly results as a public company after the bell on June 23. After surging on its opening day back on May 14, the stock has been on a steady decline since, and it traded below its $185 IPO price for a short period last week.
Let's take a closer look at the company's results to see whether this weakness presents a buying opportunity for the AI stock.
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Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.