Cerebras stock tanks after earnings. Time to worry about the AI chipmaker?

Shares of Cerebras Systems (Nasdaq: CBRS) are down more than 17% in premarket trading this morning. The fall follows the company’s second quarter earnings report, its second since a blockbuster IPO in May. While Cerebras saw its Core revenue rise 103%, it wasn’t enough to satisfy Wall Street’s high expectations. In quarter two, the AI chipmaker made $180.1 million in total revenue, about $14 million short of analysts’ predicted $194 million, according to consensus estimates cited by CN...