Cerebras raises annual targets on strong AI chip demand

AI chipmaker Cerebras Systems' stock plunges, despite posting solid earnings and guidance - SiliconANGLE

Cerebras raised FY guidance to $880–890M with core revenue +50% YoY, yet stock fell 17% despite the beat. The inference chipmaker competes with Nvidia, backed by OpenAI and AMD, emerging as a credible alternative for enterprises seeking GPU diversification in AI infrastructure.