Business & Finance
Cerebras Hardware Business Declines in Sign of ‘Lumpy’ Demand
Key Points
Cerebras Hardware Business Declines in Sign of ‘Lumpy’ Demand Cerebras Systems Inc. reported a surprising decline in hardware revenue, a sign it’s making inconsistent progress selling computers with a novel chip design. Hardware sales fell 23% to $54.1 million from a year earlier, the company said in a statement Wednesday. The bright spot: Revenue from the company’s cloud division, which offers AI computing capacity using its technology, nearly quadrupled to $126 million.
Cerebras Hardware Business Declines in Sign of ‘Lumpy’ Demand
Cerebras Systems Inc. reported a surprising decline in hardware revenue, a sign it’s making inconsistent progress selling computers with a novel chip design.
Hardware sales fell 23% to $54.1 million from a year earlier, the company said in a statement Wednesday. The bright spot: Revenue from the company’s cloud division, which offers AI computing capacity using its technology, nearly quadrupled to $126 million.