Jon Ma(@jonbma):Cerebras $CBRS is down 18% today: > Now $40B company and trading at IPO price > OpenAI announces their own competitive chip Jalapeño with Broadcom > 15% Unlock TOMORROW so Pre-IPO investors and directors might sell > Gross Margin Guide was lower so 37-40% (actual Q1'26 was 47%) > Guide FY2026 $860M growing 69% YoY which may be below buyside expectations. But...business is also on a tear doing $602M LTM revenue growing 94% YoY. Founder led by @andrewdfeldman and just signed an OpenAI deal worth $20B (half of market cap). I don't get public markets 🤷

2026.06.24 22:12

Cerebras $CBRS is down 18% today: > Now $40B company and trading at IPO price > OpenAI announces their own competitive chip Jalapeño with Broadcom > 15% Unlock TOMORROW so Pre-IPO investors and directors might sell > Gross Margin Guide was lower so 37-40% (actual Q1'26 was 47%) > Guide FY2026 $860M growing 69% YoY which may be below buyside expectations. But...business is also on a tear doing $602M LTM revenue growing 94% YoY. Founder led by @andrewdfeldman and just signed an OpenAI deal worth $20B (half of market cap). I don't get public markets 🤷