On Thursday, “Nvidia Challenger” Cerebras Systems opened with a sharp drop of more than 15% and is now reported at $226.20. According to the news, AI chip star Cerebras Systems announced second-quarter results that fell short of expectations. According to the data, the company's Q2 revenue increased 74% year over year to US$180.1 million. Analysts had anticipated a loss of US$194 million; a loss of US$2.98 per share; analysts had previously anticipated a loss of $0.17 per share. By business, hardware revenue for the second quarter fell 23% year over year to $54.1 million. This shows that this startup with an innovative chip design architecture is still facing challenges in the commercialization process. However, cloud and other services revenue reached a record high of $126 million, up 281% year over year. The core gross margin for the second quarter was 41%, an increase of about 940 basis points over the same period last year.

On Thursday, “Nvidia Challenger” Cerebras Systems opened with a sharp drop of more than 15% and is now reported at $226.20. According to the news, AI chip star Cerebras Systems announced second-quarter results that fell short of expectations. According to the data, the company's Q2 revenue increased 74% year over year to US$180.1 million. Analysts had anticipated a loss of US$194 million; a loss of US$2.98 per share; analysts had previously anticipated a loss of $0.17 per share. By business, hardware revenue for the second quarter fell 23% year over year to $54.1 million. This shows that this startup with an innovative chip design architecture is still facing challenges in the commercialization process. However, cloud and other services revenue reached a record high of $126 million, up 281% year over year. The core gross margin for the second quarter was 41%, an increase of about 940 basis points over the same period last year.