Why Cerebras Systems Stock Crashed Today
Cerebras stock is down 45% from its IPO. There's a reason for that.
Why Cerebras Systems Stock Crashed Today
Overview
Recent artificial intelligence chip IPO Cerebras (NASDAQ: CBRS) stock is off to a rocky start after its first earnings report as a public stock last night.
Analysts weren't optimistic about Cerebras -- which is still a start-up, after all -- forecasting a $0.16-per-share loss on sales of $180.8 million for fiscal Q1 2027. Cerebras's actual news was worse, with losses totaling $0.22 per share despite sales coming in ahead of estimates at $193.4 million.
Details
As of 10:50 a.m. ET, Cerebras stock is down 16.2%.
Source
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.
