Cerebras stock plunges 14% after second earnings report following IPO

Cerebras Systems reported financial results for the second quarter following its May initial public offering, raising its full-year revenue outlook while experiencing a significant stock decline in after-hours trading.
The chipmaker reported core revenue of $210 million for the second quarter, surpassing analyst expectations of $212.6 million. The company also disclosed GAAP revenue of $180.1 million, which excludes pass-through revenue. However, Cerebras recorded a net loss of $450.5 million c