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Cerebras Drops 13.7% at Open on Aug 13 as Q2 Revenue Hits $210M
According to BlockBeats, Cerebras opened down 13.7% on Aug 13, with stock price falling to $226.50 per share, according to BIT trading data. The AI chip maker reported Q2 revenue of $210 million, up 103% year-over-year. Cloud services revenue reached $126 million, surging nearly 4x year-over-year, while hardware sales declined 23% to $54.1 million. The company posted a net loss of $450.5 million in Q2, reversing from a net profit of $309.5 million in the prior year period.
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