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Cerebras Plunges After Issuing Disappointing 2026 Sales Outlook

23 June 2026 at 22:05
Cerebras Systems Inc. shares plunged in early trading after the newly public chipmaker gave an annual sales forecast that disappointed investors who were expecting the company to carve out a bigger slice of the AI data center market.

Cerebras Systems Inc. signage during the company's initial public offering (IPO) at the Nasdaq MarketSite in New York in May. Photographer: Michael Nagle/Bloomberg
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