Cerebras stock plunges after earnings as CEO says margin outlook was misunderstood (opens original article in a new tab)

Cerebras Systems stock fell 20% despite better-than-expected earnings as the company revised its margin forecast and explained a decision to rent back equipment from a customer, which will impact profits.

• Cerebras stock dropped 20% after earnings report
• CEO said margin outlook was misunderstood by investors
• Company will rent back equipment from customer, affecting profit margins