Cerebras slumps as mixed quarterly results test AI growth narrative

Cerebras Systems slumped over 18 per cent premarket on Thursday after it missed key estimates despite soaring cloud revenue, raising doubts about the ability of its AI chips to challenge Nvidia.

Aug 13 : Cerebras Systems slumped over 18 per cent premarket on Thursday after it missed key estimates despite soaring cloud revenue, raising doubts about the ability of its AI chips to challenge Nvidia.Expectations were high for AI-linked companies including Cerebras and networking equipment maker Cisco, given the str