Cerebras Shares Surge on Profit and Raised Forecast
Cerebras shares surged after the company reported a surprise profit and raised its forecast.
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12:40:44 PM UTC
SquawkNews
Cerebras Systems' NASDAQ:CBRS shares gained more than 14% in premarket trading on Friday, after the chipmaker raised its annual sales forecast and posted a surprise profit, indicating momentum in its challenge to Nvidia NASDAQ:NVDA in the AI chip market.The gains, if they hold, would add over $3 bi…