🔴 Cerebras Systems is trading 4.8% down today on margin guidance concerns and sector-wide chip weakness

Cerebras Systems is trading 4.8% down today at $171.83 as its post-earnings selloff and sector-wide chip weakness continue.

• Investors remain focused on the company’s weaker gross margin guidance and elevated valuation following its blockbuster IPO.
• A hostile macroeconomic backdrop for high-growth AI semiconductors is adding further pressure to the stock in pre-market trading.