Get all your news in one place.
100's of premium titles.
One app.
Start reading
Barchart
Barchart
Wajeeh Khan

Cerebras Stock Is Falling After Earnings. Morgan Stanley Says You Should Buy the Dip.

Cerebras System (CBRS) shares closed lower on Wednesday, even though the artificial intelligence (AI) chipmaker posted a 92% increase in its Q1 revenue on a massive contraction in net loss to about $14 million.

Investors responded mostly to management’s muted profitability guidance, specifically a projected sequential decline in the gross margin to 37% in the current quarter.

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.