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Cerebras Raises Annual Targets on Strong AI Chip Demand

The chipmaker lifted full-year revenue guidance to $880 million to $890 million as stock compensation pushed its net loss to $450.5 million.

Summary by WTVB
Aug 12 (Reuters) - Cerebras Systems 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. Still, its shares were down more than ‌7%...

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(San Francisco = Yonhap News) Correspondent Kwon Young-jeon = Cerebras, a U.S. semiconductor company considered a rival to Nvidia, has nearly doubled its revenue. However, the...

·Seoul, Korea (the Republic of)
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Seeking Alpha broke the news in Ra'anana, Israel on Monday, August 10, 2026.
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