Cerebras (NASDAQ:CBRS) heads into tighter margin territory post-Q1 beat as AI cloud shifts
• Cerebras posted first-quarter revenue of $193.4 million, jumping 94%. Cloud and other services brought in 178% more than a year ago.• The company projected core gross margin in the second quarter at 36% to 38%, well under the 46.5% it reported for the first quarter.• Shares last traded at $226.72, up 1.1%. The stock moved in a range of $210.11 to $236.99.
