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Reuters ·

Cerebras reports Q2 revenue up 74% YoY to $180M and raises its annual revenue and gross margin forecasts; CBRS drops 14%+ after hours

Cerebras Systems (CBRS.O) raised its annual revenue and gross margin forecasts on Wednesday, buoyed by robust demand for its chips from companies ramping up data-center capacity to power AI services.

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Cerebras reports Q2 revenue up 74% YoY to $180M and raises its annual revenue and gross margin forecasts; CBRS drops 14%+ after hours

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Reuters — Cerebras reports Q2 revenue up 74% YoY to $180M and raises its annual revenue and gross margin forecasts; CBRS drops 14%+ after hours ↗

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