Why Cerebras Systems Stock Just Sank
Investors aren't happy with Cerebras's Q2 report, but there's a strong a silver lining.
Overview
Cerebras Systems (NASDAQ: CBRS) stock fell in Thursday's trading on the heels of the artificial intelligence (AI) chip specialist's second-quarter report. The company's share price had moved 11.9% lower in the day's session as of 3:45 p.m. ET despite a 0.7% gain for the S&P 500 and a 0.9% gain for the Nasdaq Composite.
Cerebras published its Q2 results after yesterday's market close, reporting sales and earnings that were below Wall Street's expectations. On the other hand, the company raised full-year sales and margin targets.
Image source: Getty Images.
Details
Source
Originally published at www.fool.com.
Related Articles
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.