BIG TECH~-20% stock drop
Cerebras Plunges ~20% in Its First Earnings as a Public Company on a Margin Scare
Cerebras shares fell roughly 20% -- back near their IPO price -- after the AI-chip maker's first earnings report as a public company spooked investors with a soft gross-margin outlook, even as it beat on revenue. CEO Andrew Feldman said the market 'misunderstood' the guidance, which reflects a temporary plan to lease back systems while it builds its own data centers.
Jun 24, 2026