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via finance.yahoo.comBusiness & Companies

Cerebras stock surges on Q3 results, raised outlook and new hyperscaler deals

FROM THE WIRE · FINANCE.YAHOO.COM

Cerebras Systems (CBRS) stock jumped 13% in premarket trading after the AI chipmaker reported record third quarter revenue and raised its full-year outlook. The company's core revenue rose 70% year over year to $230.9 million while cloud revenue surged 272% to $144.9 million.…

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MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bullishA raised outlook and new hyperscaler contracts can lift an AI chipmaker that competes with Nvidia.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01Core revenue rose 70% year over year to $230.9 million.
  2. 02Cloud revenue surged 272% to $144.9 million.
  3. 03For the fourth quarter the company sees core revenue of $310 to $330 million, versus consensus of $271.2 million.
NEWS IMPACT AND MARKET REACTIONChange since the story · reference
Cerebras Systems Inc.CBRSStock97.75 USDMarket closedtoday -3.29%Positive
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets

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