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Cerebras stock plunges after earnings as CEO says margin outlook was misunderstood

TechCrunch AI · 2d ago Cached

Cerebras Systems stock dropped nearly 20% after forecasting narrower gross margins despite better-than-expected Q1 earnings; CEO Andrew Feldman said the margin outlook was misunderstood due to equipment rental costs.

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@elonmusk: Pretty good progress

X AI KOLs Timeline · 2026-05-31 Cached

Elon Musk reacts to a tweet noting that $2,600 invested in Tesla's IPO is now worth over $1 million.

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