Surging AI chip revenue and Microsoft deal boost Cerebras Systems’s stock by 17%

Artificial intelligence chipmaker Cerebras Systems Inc. delivered third-quarter revenue that comfortably beat expectations in its latest financial report today while announcing a new deal with Microsoft Corp., sending its stock up more than 17% in late trading. The company reported a loss before certain costs such as stock compensation of 67 cents per share, trailing […] The post Surging AI chip revenue and Microsoft deal boost Cerebras Systems’s stock by 17% appeared first on SiliconANGLE.