After Cerebras stock went down by 20%, CEO Andrew Feldman claims investors made 'wrong' prediction: ‘We laid out a plan at…’
Cerebras Systems CEO Andrew Feldman believes investors misunderstood the AI chipmaker's profit outlook, leading to a nearly 20% stock drop after its public debut. Despite a lower gross margin forecast for the year, Feldman insists the company is exceeding its initial financial plan. He also highlighted Cerebras's advantage in avoiding supply chain issues faced by competitors, though data center expansion presents its own challenges.
Cerebras Systems CEO Andrew Feldman believes investors misunderstood the AI chipmaker's profit outlook, leading to a nearly 20% stock drop after its public debut. Despite a lower gross margin forecast for the year, Feldman insists the company is exceeding its initial financial plan. He also highlighted Cerebras's advantage in avoiding supply chain issues faced by competitors, though data center expansion presents its own challenges.
