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Cerebras stock crashes after earnings, but Wall Street sees long-term AI upside

By Chris Prentice and Stefano Rebaudo NEW YORK/MILAN, Aug 13 (Reuters) - Global equities rose on Thursday as investors pared back U.S. rate hike bets, while oil prices dropped as higher inventories

A unanimous 3-judge panel ruled that UMB Bank had standing to represent former Celgene shareholders despite a procedural error in its appointment
Record AI orders lifted Cisco's outlook, but shrinking gross margins exposed the cost of its hardware-heavy growth.

The billionaire investor’s portfolio has trailed the broader market since he took the fund, Pershing Square USA, and his firm public in April.

By Jonathan Stempel NEW YORK, Aug 13 (Reuters) - A U.S. federal appeals court said a judge erred in dismissing a $6.7 billion lawsuit accusing Bristol Myers Squibb of cheating former Celgene

Senator Elizabeth Warren (D-Mass) on Tuesday accused Belgium’s diamond industry of buying favor with President Donald Trump, citing a $1 million gold ring and a tariff exemption that followed weeks later. A Ring, a Tariff Reversal, and 27 Days Warren,...
Strong AI growth fails to offset a sharp earnings miss.

Ondas raised its revenue outlook and still got punished, breaking a monthlong winning streak in a sector where every drone name is now watching its back. The selloff raises a pointed question about whether richly valued momentum stocks can survive their own good news.

Jeff Bezos filed a Form 144 with the Securities and Exchange Commission on Aug. 3, proposing to sell up to 15 million Amazon shares worth approximately $4.07 billion. Within the same week, Sky Sports reported that Bezos had joined a consortium closing in on a deal for a roughly one-third ...
Mizuho and UBS both see the post-earnings sell-off in Cerebras as a buying opportunity, despite taking different approaches to their price targets.

On this episode of Stock Movers: - StubHub (STUB) shares are dropping after the company reported earnings per share for the second quarter that missed the average analyst estimate. - Birkenstock (BIRK) is rallying after the footwear maker boosted its adjusted Ebitda forecast for the full year. The German company also reported better-than-expected sales for the second quarter. - Cerebras (CBRS) is lower after the company projected slower growth than some investors anticipated, causing its shares to fall in premarket trading.

David Ellison is dangling CNN to appease critics of his massive Warner Bros. Discovery deal, but the attorneys general suing to block it say the offer solves nothing. A September deadline and a seven-figure daily fee are forcing a decision that no single concession can fix.

Cerebras shares are sinking, despite solid results from the chipmaker in the second quarter since it went public earlier this year.

Cerebras Systems Inc (NASDAQ:CBRS) shares fell 11% Thursday after the AI chipmaker reported second-quarter revenue below Wall Street estimates, even as the company raised its full-year guidance. The company posted second-quarter revenue of $180.1 million, missing the $194 million analyst...

Cisco Systems Inc (NASDAQ:CSCO, XETRA:CIS) reported fiscal fourth-quarter revenue of $17.3 billion, up 18% year-over-year and above the $16.82 billion analyst estimate, as networking demand and artificial intelligence orders drove growth. Non-GAAP earnings per share came in at $1.22, up 23%...

Ondas Holdings Inc. (NASDAQ:ONDS) shares fell 4% in Thursday premarket trading after the defence technology company reported a wider-than-expected second-quarter loss.
Cerebras stock fell on Thursday after the chipmaker's latest quarterly results failed to impress investors.
Cerebras stock fell on Thursday after the chip maker's latest quarterly results failed to impress investors.
CEO Eric Brock said he expects Ondas “to sustain this momentum” and deliver another significant revenue ramp during the second half of 2026.

More than 3,000 small property owners around the US agreed to install Dish antennas on their rooftops to generate extra income. They're now being told to shoulder the cost to take them down.

Cerebras Systems slumped over 18% premarket on Thursday after it missed key estimates despite soaring cloud revenue, raising doubts about the ability of its AI chips to challenge Nvidia. Expectations were high for AI-linked companies including Cerebras and networking equipment maker Cisco, given the strong run-up in shares driven by Big Tech's ballooning spending, set to cross more than $740 billion for this year. Here are some details: • Cerebras, in its second earnings report as a public company, offered a mixed picture as it increasingly derived revenue from cloud computing rather than its AI chips.

Brookfield Corporation (NYSE:BN) shares edged 0. 13% lower in premarket trading after the investment group reported second-quarter adjusted earnings per share below Wall Street expectations.

The AI chip company beat earnings estimates and lifted its 2026 revenue outlook, but shares fell sharply in extended trading

Vast swaths of land and buildings are on the market, with more to come as financially distressed schools close around the country.

JD.com stock was falling on Thursday after the Chinese online retail giant reported earnings. Investors soured on the stock despite better-than-expected results.

Lilly is suing several US companies that are allegedly selling illegal versions of its weight loss candidate, retatrutide.

Those who bet against Apple often lose in the long run.