AI chipmaker Cerebras down 11% after first public earnings report

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Cerebras, a leading AI chipmaker, is experiencing a decline of 11% in its stock price following its first public earnings report. The company's revenue surged by 92% year-over-year, exceeding expectations. However, its forecast of a lower core gross margin for the next quarter is causing investor concerns, impacting the stock's performance. Market analysts are closely monitoring the situation.