Cerebras Systems beat Wall Street's adjusted sales target for Q2 and guided well above views for the full year. But Cerebras stock fell.

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…