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Why Cerebras Systems Stock Crashed Today

TheMotleyFool

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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.

As of 10:50 a.m. ET, Cerebras stock is down 16.2%.

Source Fool.com

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