Cerebras Stock Drops 14% on June 24 After Weak Gross Margin Guidance of 38-41%

According to Yuanalyze, Cerebras Systems' stock fell 14% in pre-market trading on June 24 after the AI chip maker issued full-year adjusted gross margin guidance of 38-41%, below the first quarter's 47%. Although the forecast still beats market expectations of 29.58%, it trails Nvidia's approximately 70% margin and AMD's 50% margin, reflecting market focus shifting from AI growth stories to profitability. The stock has fallen over 27% since its IPO in May.
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