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Browsing: Cerebras
Cerebras Systems (CBRS) stock jumped 13% in premarket trading after the AI chipmaker reported record third quarter revenue and raised its full-year outlook.
Cerebras Systems (NASDAQ:CBRS) primarily earns its revenue by developing and manufacturing advanced artificial intelligence compute platforms for data centers.
Cerebras Systems shares crashed to their lowest point since going public, tumbling 20% this week as the AI chip startup faces mounting pressure from industry giant Nvidia and a wave of insider selling following lockup expiration. The dramatic selloff highlights the brutal competitive dynamics in the red-hot AI semiconductor market.
Singh now has a new VC firm to call home: On Thursday, he said he’s now joined the 57-year-old Mayfield as an infrastructure partner.