Cerebras Systems Inc. CEO Andrew Feldman stated that renting out compute capacity is highly profitable, despite the company's shares falling after projecting slower growth than anticipated.

Cerebras Systems Inc. announced a GAAP EPS of -$0.22, beating estimates by $0.07, and reported revenue of $193.41 million, surpassing expectations by $12.57 million.

Cerebras Systems Inc. announced a surprising decline in its hardware revenue, indicating inconsistent progress in selling its computers with novel chip designs.

Cerebras Systems Inc., an AI chipmaker and data center operator, has increased the size of its initial public offering, now aiming to raise as much as $4.8 billion due to strong demand for its shares.

Cerebras Systems Inc. increased its annual targets, citing strong demand for its AI chips.