Cerebras stock plunges after earnings as CEO says margin outlook was misunderstood

Cerebras, the AI chipmaker, reported its first earnings since going public and immediately spooked investors. The company forecast narrower gross margins in its core business, a signal that profitability may lag expectations, sending the stock down sharply. CEO Andrew Feldman pushed back, saying the margin outlook was misunderstood, though the market's reaction suggests he has some convincing to do. According to TechCrunch, it's a rough market debut for a company riding the AI infrastructure wave.

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