Business2 sources
Cerebras Delivers Solid Outlook in Bid to Challenge Nvidia
Bloomberg Technology · By Ian King ·
The Brief · written from 2 sources
- Cerebras reported Q3 core revenue up 70% year over year to $230.9M, above the $214.7M estimate.
- The company issued quarterly guidance that beat analyst expectations.
- Cerebras announced a deal with Microsoft; shares rose more than 15% after hours.
Why it matters
The results and the Microsoft deal signal growing commercial traction for Cerebras as an AI chip alternative to Nvidia, which may matter to teams evaluating AI inference hardware.
- #cerebras
- #ai-chips
- #earnings
- #microsoft
- #nvidia
Cerebras Systems Inc. gave a sales forecast for the current quarter that exceeded analysts’ estimates, signaling that a push to challenge Nvidia Corp. in AI chips is paying off.
Timeline
Cerebras reports Q3 results, issues guidance and announces Microsoft deal
Bloomberg Technology
Cerebras Delivers Solid Outlook in Bid to Challenge Nvidia
Techmeme
Cerebras reports Q3 core revenue up 70% YoY to $230.9M, vs. $214.7M est., issues strong guidance, and announces a Microsoft deal; CBRS jumps 15%+ after hours (Jordan Novet/CNBC)