Cerebras Systems Records $230.9 Million in Core Revenue for Q3
CBRS Cerebras Systems Inc
$108.72 +11.22%
View chart & analysis → - 1Cerebras Systems Inc announced its third-quarter results on November 12.
- 2Core revenue reached $230.9 million, a 70% increase compared to the previous year.
- 3UBS lowered its price target from $250 to $155, citing OpenAI's reduction in remaining performance obligations and data center delays.
So what's the key point?
Cerebras Systems' third-quarter revenue grew by 70% compared to last year. However, experts have lowered their outlook for the stock's future price.
Source Investing.com · View original ↗
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