Cerebras' second-season financials is mixed, with a 17 per cent drop in the stock exchange

On 13 August, the manufacturer of AI chips, Cerebras, received $210 million for the second quarter, an increase of 103 per cent over the same period; of this amount, cloud operations generated $126 million, or nearly four times the same increase, but hardware sales declined by 23 per cent to $54.1 million over the same period; and a net loss of $450.5 million was recorded during the current quarter, compared with a net profit of $309.5 million during the same period of the previous year. The company has revised its year-round performance guidelines upwards, and core revenue is now expected to range from $880 million to $890 million, higher than the previously expected range of $855 million to $865 million. The report offered a mixed picture for investors, and Cerebras ' share price had risen by 42 per cent since IPO in May. The company, initially designated as a challenger in the field of artificial intelligence chips, is now the largest source of income, cloud computing. Cerebras indicated that the core Maori ratio would increase to 38 to 40 per cent this quarter to respond to investors ' concerns. Following the release of the financial statements, the Cerebras stock had dropped by over 17 per cent。