"NVIDIA challenger" Cerebras (CBRS.US) Q2 performance fell short of expectations, with hardware revenue plunging 23%, causing stock price to drop 16% in after-hours trading.

According to the Zhito Finance APP, after the U.S. stock market closed on Wednesday, AI chip newcomer Cerebras Systems (CBRS.US) announced second-quarter results that fell short of expectations, causing its stock price to plummet by 16%. Data shows that the company's Q2 revenue increased by 74% year-on-year to $180.1 million, while analysts had previously expected $194 million; the loss per share was $2.98, compared to analysts' expectations of a loss of $0.17 per share.