AIBRIEF
Four trading sessions after dropping 14% on its Q2 earnings, Cerebras added 15.67% to $253.29 Monday, as record cloud revenue growth failed to settle doubts about an ongoing operating loss.
Cerebras (NASDAQ: CBRS) jumped 15.67%, about $34, to $253.29 at 12:08 p.m. EDT Monday, the latest swing in a volatile run that has defined the AI chipmaker's three months as a public company.
The session extends a sharp range: a July 20 low near $177 and an Aug. 12 high of $262.06, with the stock still trading below the post-earnings peak a week after the report.
Cerebras went public on the Nasdaq on May 14 at $185, opened at $350, and closed its first day at $311.07, up roughly 68%. The wide opening range was an early signal that buyers and sellers disagreed sharply on the company's value.
The latest swing traces to the Aug. 12 Q2 print. Revenue came in at a record $209.9 million, ahead of analyst consensus of about $194 million, and cloud revenue nearly quadrupled year over year. The stock still fell roughly 14% after hours that night on concerns the company itself flagged: a substantial ongoing operating loss, heavy customer concentration, and the durability of demand for Cerebras's specialized AI hardware against established competitors.
Monday's rebound reopens the same question rather than answering it. As of midday, the stock remained roughly $9 below the Aug. 12 high, with Q3 core revenue guidance already raised to $214-216 million on the Aug. 12 print.