Cerebras is down 17% today and 50% from the highs.


It was the biggest semiconductor IPO of the year.
They guided full-year gross margins down from 47% to ~37% due to rising infrastructure and pass-through costs.
While revenue growth decelerates from 92% in Q1 to a guided 69% for the full year.
We are now well past the point of the hypergrowth story.
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