Cerebras Systems (CBRS) reported worse-than-expected quarterly sales, with GAAP losses of $2.98/share and revenue of $180.11M. Analysts adjusted price targets.

Cerebras Systems shares are soaring Wednesday as investors position ahead of its Q2 results, due after the market closes today.

Aug 12 : Cerebras Systems raised its annual revenue and gross margin forecasts on Wednesday, buoyed by robust demand for its chips from companies ramping up data-center capacity…