Cerebras stock plunges 14% after second earnings report following IPO

Cerebras Systems reported better-than-expected Q2 revenue and raised full-year guidance, but hardware revenue declined in a sign of lumpy enterprise demand. Stock fell 14% following the earnings report.

• Cerebras stock plunges 14% after second earnings report following IPO
• Cerebras Hardware Business Declines in Sign of ‘Lumpy’ Demand